Clyde & Co

Recent experience

• Acting for Lamprell plc (listed on the London Stock Exchange) on its recent US$366 million acquisition of Oslo Stock Exchange Listed Maritime Industrial Services Co. Ltd Inc - a public company takeover in part funded by a rights issue. Lamprell is a leading provider of specialist engineering services to the oil & gas & renewables industry. Both Lamprell's and the target's business are based primarily in the UAE and GCC region. Clyde & Co's role included advice on the structuring of the transaction, the underwriting, acting on the local aspects of the acquisition and target due diligence.
• Advising ACWA Holdings on a US$120 million disposal of 50% of its KSA piping and coatings divisions. This complex transaction included a subsequent joint venture with Welspun (a USD 3 billion group listed on BSE and NSE). ACWA is the largest private provider of water in KSA.
• Advising Le Blanc International on the sale of its KSA interests to Al Babtain Power and Telecommunications (a company listed on the Saudi Stock Exchange - Tadawul). The unique deal structure involved a mixture of cash and shares and was described by HSBC Saudi Arabia as a "landmark transaction” involving the first instance of a publically listed Saudi Corporate issuing equity as consideration to a foreign vendor.
• Advising SCA (a company listed on the Swedish stock exchange and one of the World’s largest manufacturer/supplier of branded personal care products and consumer goods) on its joint venture with Nuqul Group, based in Jordan.  The deal involved simultaneous acquisition of the branded fempro business in Egypt, Jordan, Saudi Arabia and UAE, with due diligence on operations in Bahrain, Comoros Islands, Djibouti, Egypt, Eritrea, Iran, Iraq, Jordan, Kuwait, Lebanon, Oman, Palestine, Qatar, Saudi Arabia, Somalia, Sudan, UAE and Yemen. 
• Advising Emirates Airlines on its joint venture with Whitbread plc (the owner of the Premier Inn brand). Under this complex structure, the joint venture vehicle was granted rights across the GCC to own and operate Premier Inn Hotels. Phil led the team that was appointed to structure, negotiate and implement this transaction.
• Acting for the DFM listed target of a confidential multi billion dollar acquisition.
• Advising on numerous establishments and corporate structurings in the UAE, KSA and across the GCC region (with a special focus on the construction and hospitality sector).
• Advising on a number of UAE M&A transactions, including the acquisition of a leading regional engineering business.
• Advising a leading Bahrain based bank, acting as lead financial arranger on a USD 2 billion real estate project in Dubai.
• Advising issuers and sponsors on various fund raisings including the structuring and establishment of MENA real estate fund, Islamic compliant ship finance fund, Iraqi regeneration fund, MENA education fund and various MENA Hotel/hospitality related funds.