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 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 the few strategic sales involving a Nasdaq-listed company in the GCC region in recent years. 

Gulf Capital in-house legal team is led by Simon Gilbert, head of legal & compliance (pictured). 

Gulf Capital was advised by deNovo Partners and Eversheds Sutherland. The Chef’s Warehouse was advised by PwC and Shearman & Sterling. 

Zeid Hanania

The Eversheds Sutherland team was led by partner Zeid Hanania (pictured left), assisted by principal associates Noor Al Heialy and Steve Jennings, with further support from senior associate Rhydian Wyn, associate Ryan Todd and trainee Hala Haddad.  Partner Clint Dempsey and associate Pronnoy Sengupta assisted on finance aspects, while tax assistance was provided by senior associate Jannine Nicholas