Matouk Bassiouny & Hennawy (MBH) acted as legal counsel to Edita Food Industries in its recent acquisition of Fancy Foods. The transaction involved the purchase of a 100% equity stake in Fancy Foods, an esteemed industrial bakery known for its automated food production technology and specialization in frozen bakery products. The acquisition, valued at EGP […]
Dreny & Partners successfully represented the shareholders of Fancy Foods in the acquisition of 100% of the shares by Edita Food Industries, a prominent player in the food manufacturing industry, in a transaction valued at
Banking & Finance
Food & Beverage
United Arab Emirates
Stephenson Harwood with Badia Farms on expansion investment
International law firm Stephenson Harwood has acted as legal counsel advising UAE-based agricultural company Badia Farms on its recent investment from Green Corp. This strategic investment is set to empower Badia Farms in expanding its
Deal & transactions
Food & Beverage
United Arab Emirates
Baker McKenzie with Kitopi on the acquisition of AWJ Investments
Kitopi, the tech-powered multi-brand restaurant, has completed its acquisition of AWJ Investments, a rapidly-growing food and beverage company based in Dubai that operates several major regional brands. The acquisition will bolster Kitopi’s already-impressive
Deal & transactions
Food & Beverage
Saudi Arabia
Almarai completes acquisition of International Dairy and Juice
Almarai Investment Holding, a unit of the largest dairy company in the Middle East, Saudi Arabia’s Almarai, has acquired full ownership of International Dairy and Juice Limited (IDJ), a former joint venture with PepsiCo
Asafo & Co. advised 54 Capital on its USD21 million growth capital investment, alongside Norfund, in Ethiopian fast-moving consumer goods (FMCG) platform SAMANU. 54 Capital managed a consortium of private investors and worked alongside Norfund in this
Food & Beverage
IPOs
Saudi Arabia
United Arab Emirates
Americana Restaurants USD1.8bn dual listing on ADX and Tadawul
Americana Restaurants has successfully completed its landmark initial public offering (IPO) and first ever dual listing on the Abu Dhabi Securities Exchange (“ADX”) and the Saudi Stock Exchange (“Tadawul”). The institutional investor tranche, which
At the Principe di Savoia Hotel in Milan, the Foodcommunity Awards 2022 honoured chefs, formats, concepts, restaurants and brands in the food & beverage sector that have distinguished themselves over the past year for business growth.
Deal & transactions
Food & Beverage
Other
ECCBC acquires Morocco-based Atlas Bottling from Diana Holding
Equatorial Coca-Cola Bottling Company (“ECCBC”), a bottler of The Coca-Cola Company in North and West Africa, has reached an agreement, through its Moroccan subsidiaries, to acquire the bottler of Coca-Cola in the northern and eastern
Deal & transactions
Food & Beverage
United Arab Emirates
Gulf Capital sells Chef Middle East to Nasdaq-listed food distributor
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
