Nabil A_Issa

King & Spalding: Jadwa Investment acquires Blackspoon Group 

International law firm King & Spalding has served as legal counsel to Jadwa Investment (Jadwa) in its acquisition of Blackspoon Group (Blackspoon), a Dubai-based food and beverage operator. Jadwa, a prominent investment management and advisory firm in the Middle East, has acquired 100% ownership of Blackspoon, known for operating leading food and beverage brands in the UAE, including the flagship brand Allo Beirut. 

As Saudi Arabia’s top-performing public equity manager, private equity investor, and manager of listed Real Estate Investment Trusts (REITs), Jadwa has over USD 20 billion in client assets under management and advisement. Headquartered in Riyadh with three regional offices, this acquisition marks Jadwa’s strategic move into the consumer market across the Gulf Cooperation Council (GCC). 

The transaction, Jadwa’s second consumer sector acquisition in 2023, positions Blackspoon to emerge as a market leader in the GCC’s food and beverage sector. Jadwa was advised on M&A and transaction advisory solutions by AON, underlining the firm’s commitment to expanding its footprint in the dynamic consumer market of the GCC region. 

A team of lawyers from King & Spalding’s Dubai, Riyadh and London offices advised Jadwa on the matter. The team was led by Nabil A. Issa (pictured) and included Amit Kataria, Sunandini Das, Saud Aldawsari, Mohammed Basama, Sayf Shuqair, Jamie Kershaw, Osama Zaid and Husni Al Far