Cleary Gottlieb with Byrne on 60% sale to GHF
Cleary Gottlieb represented the sellers in the sale to GFH Financial Group B.S.C. (GFH) of 60% of the share capital in Byrne Equipment Rental (Byrne).
The parties
Founded in 1992 in Dubai, Byrne is an industrial services and equipment rental provider active across the Middle East region, offering a “one-stop-shop” rental model. The company’s operations cover the United Arab Emirates, Saudi Arabia, Oman and Bahrain
GFH is a GCC-based diversified financial group with operations and investments across the GCC, US, Europe, the U.K, North Africa, and India. GFH is listed on four stock exchanges, including the Bahrain Bourse, Boursa Kuwait, Abu Dhabi Securities Exchange and Dubai Financial Market.
The Cleary Gottlieb team
The Cleary Gottlieb team included senior counsel Gamal Abouali (pictured), working alongside associates Timofey Neklyudov, Rawad Abou Jaoude, Misthura Otubu, and Kay Hechaime. Partner Jim Ho and associates Pritika Advani and Yasmin Frischemeier advised on finance, while associate Daniela Weerasinghe worked on competition matters. Partner Richard Sultman oversaw all tax aspects of the transaction, together with associates Peter North, Tommy Peet, and Bryan Chia.
