GLA & Company acted as the exclusive legal counsel for Sellers Bait Al Aseel and Mr. Bashar Al Ameer in the recent sale of a 35% stake in Gissah Perfumes Company. This transaction comes ahead of Gissah’s anticipated initial public offering (IPO).
Gissah, originally founded in Kuwait, has strategic plans to relocate to Saudi Arabia in preparation for its IPO on the country’s primary stock market. The company currently operates across 80 stores in 25 cities, spanning Saudi Arabia, Kuwait, the UAE, and Bahrain.
The stake in Gissah was acquired by Jadwa Investment, a prominent Saudi private equity firm. The esteemed law firms Clifford Chance and ASAR provided legal counsel to Jadwa Investment throughout the transaction. For further details on the ASAR legal team click here.
GLA & Company played a central role in orchestrating various aspects of the deal. This included negotiations and finalization of share purchase agreements, shareholders’ arrangements, and overall deal closure. In addition to these responsibilities, GLA secured Merger Control clearance from the Kuwait Competition Protection Agency, a crucial step in completing the transaction.
The GLA team was led by managing partner Alex Saleh (pictured) as well as partners Yousef El Amly, Fadi Daher, Fawaz Al-Dubaikhi, legal director Maha El Meihy, senior associate Asad Ahmad and associates Salma Farouq, Fahad Albaijan, Jehan Saleh and others.