Gulf Capital, the private equity and growth capital investor in the GCC and Southeast Asia, has successfully completed the sale of 100% of Chef Middle East (“Chef ME”), the GCC’s premier foodservice distribution business, to The Chefs’ Warehouse (“TCW”), a Nasdaq-listed speciality food distributor operating across North America. The USD 100 million successful sale is one of […]
Deal & transactions
Saudi Arabia
TMT
Linklaters advises Zain Saudi Arabia on the sale of telecoms towers
Zain Saudi Arabia (“Zain KSA”) has successfully completed the sale and leaseback of its entire portfolio of 8,069 telecoms towers in Saudi Arabia to investors led by the Public Investment Fund of Saudi Arabia (“PIF”). The
Banking & Finance
Deal & transactions
Other
Trowers & Hamlins advises on the establishment of Venture Studio
Trowers & Hamlins has successfully advised on the establishment of the MENA region’s first FinTech Venture Studio (the “Venture Studio”). The Venture Studio is a joint venture project between the firm’s client Al
The Sovereign Fund of Egypt (“TSFE”) and education management firm Egypt Education Platform (“EEP”) have successfully entered into a joint acquisition of an undisclosed majority stake in the educational publishing entity
Deal & transactions
TMT
United Arab Emirates
Norton Rose Fulbright advises IHC on its acquisition into Emircom
IHC Digital, a subsidiary of International Holding Company (“IHC”), has successfully completed a AED 250 million acquisition of a 54% stake in Middle East information and communications technology (ICT) provider Emircom. The transaction, which closed on 28 September 2022,
Asafo & Co. advised Holged Group, a provider of primary and secondary education in Morocco and Tunisia, in Africa 50’s investment in its share capital. Africa 50, a pan-African infrastructure investment platform, entered into
Deal & transactions
Energy & Trading
United Arab Emirates
Siemens Energy and Adio to set up innovation centre in Abu
The Abu Dhabi Investment Office (“Adio”) is joining forces with Siemens Energy to accelerate the development of clean energy technologies in the UAE and globally. Under the agreement, Adio will provide Siemens Energy
Deal & transactions
Real Estate, Construction & Infrastructure
United Arab Emirates
Clifford Chance with Aldar Properties on a USD400m investment deal
Apollo Global Management (“Apollo”), through its managed investment vehicles, has acquired an 11.1% minority stake in Aldar Investment Properties, a subsidiary of Aldar Properties and the region’s most prominent institutional-class real estate platform. The USD 400
Helmy Hamza & Partners, Baker McKenzie Cairo office, has advised the National Egyptian Railway Industries Company (“NERIC”) on its first offtake and supply agreement with Hyundai Rotem, the South Korean heavy industry company and the
Deal & transactions
Oil & Gas
United Arab Emirates
Adnoc Drilling lands $1.53B contract for Adnoc’s offshore expansion
Abu Dhabi National Oil Company (“ADNOC”) has awarded a contract worth USD1.53 billion (AED5.62 billion) to Adnoc Drilling to support the expansion of Adnoc’s offshore operations and crude oil production capacity to five million
