Aldar Investment, the investment business of Aldar Properties, has acquired a 70% equity interest in Abu Dhabi Business Hub, valued at more than AED 500 million. The acquisition sees the creation of Aldar Logistics, Aldar’s new logistics real estate vertical, which will focus primarily on the UAE, with the potential to expand into Saudi Arabia and […]
Baker McKenzie has successfully advised a consortium of financial investors led by Amethis and included SPE AIF I (SPE Capital) and European Bank for Reconstruction and Development (EBRD), on the acquisition of a 95% stake of GlobalCorp for Financial Services. The deal marks a key milestone for Amethis and SPE Capital as it aligns with their […]
SIDC and Al Ahly Capital to develop a new Industrial
Suez Industrial Development Company (SIDC), a majority-owned subsidiary of Orascom Construction, has signed an agreement with Al Ahly Capital Holding (ACH), the investment arm of the National Bank of Egypt, to jointly develop a 2.2 million square meter industrial park in Abu Rawash (Giza), Egypt. SIDC will be the lead developer of the industrial […]
Dentons: Volkswagen’s Cariad acquires Intenta’s automotive business
Global law firm Dentons has provided comprehensive antitrust advice to Cariad, the software division of the Volkswagen Group, in relation to its acquisition of the automotive business of Intenta. With the acquisition, Cariad is expanding its competencies in the development of autonomous driving vehicles. Intenta’s automotive division employs more than 100 experts in the field […]
All for One Group, the consulting and IT Group based in Germany, has completed the acquisition of customer experience (CX) experts POET along with a majority stake in the development company POET Egypt, Alexandria, effective 1 May 2022. The successful acquisition will allow All for One Group to take a large step forward in expanding its customer expertise portfolio. […]
Clyde & Co advised Babilou Group on the acquisition of
Babilou Family, innovative early education networks, has acquired Bright Kids Nursery (BKN), counting six centers across Abu Dhabi and Al Ain. Since its UAE launch in 2009, Babilou Family has rapidly grown as a premium childcare provider within the country and will offer 2,800 seats across 23 nurseries by the end of 2021. The Group’s […]
Hadef & Partners advise Watania on its merger with Dar
The shareholders of two of UAE Islamic insurance companies, Dubai-based Dar Al Takaful (DAT) and Abu Dhabi-based Watania, voted in favor of a merger that will result in the creation of the UAE’s largest Takaful provider, by market share. The merger has been conditionally approved by the Central Bank of the UAE and is currently […]
Habib Al Mulla & Partners on Ghassan Abood Group deal
International law firm Habib Al Mulla & Partners, a member firm of Baker & McKenzie International, has advised Ghassan Aboud Group, a UAE based multi-business conglomerate, on a partnership agreement with AD Ports Group, the facilitator of trade and logistics in the Middle East, on the development of one of the region’s largest food trading […]
CMS: ADIB finances Urbium Capital Partners’ acquisition of Sainsbury store
Abu Dhabi Islamic Bank (ADIB), a Shariah compliant financial institution, has provided structured Islamic financing of GBP 20 million to Urbium Capital Partners (UCP) for their acquisition of a Sainsbury’s store in Edinburgh, Scotland. The property comprises an 85,961 sqft prime food store and a 12 pump petrol filling station occupying a 4.6 acre site, […]