Clyde & Co advises noon on its AED 1.23 billion acquisition of Namshi from Emaar Malls
Press Releases 26 August 2022 26 August 2022
Global law firm Clyde & Co has advised noon on its AED 1.23 billion (USD 335.2 million) acquisition of Namshi Holding Limited (“Namshi”) from Emaar Malls Management LLC (“Emaar Malls”).
The transaction is expected to close in the next few months, subject to meeting various conditions, including inter alia, final regulatory approvals and approval from Emaar’s shareholders.
Clyde & Co acted as lead counsel to noon. Clyde & Co’s cross-practice and cross-jurisdictional team was led by Partner Abhi Jalan (Corporate, Dubai) and Senior Associate Krishen Patel (Corporate, Dubai). Abhi and Krishen were further supported by Partners Mark Devaney (IP, Dubai), Sara Khoja (Employment, Dubai), Alain Sfeir (Corporate, Riyadh), Senior Associates Ghalya Ali Rashid (Corporate, Dubai), Nisha Johar (Corporate, Dubai), Ken Wong (Commercial, Dubai) and Associates Atif Mulla (Corporate, Riyadh), Daniel Goddard (Commercial, Dubai), Chaya Gupta (Banking, Dubai) and Lisa Merod (Employment, Dubai).
Abhi Jalan, comments: "We are thrilled to be advising on this landmark transaction, bringing together two of the Middle East’s homegrown, leading e-commerce platforms.”
Krishen Patel, who led, and project managed the transaction from Clyde & Co, comments: “We are delighted to work closely with noon and to have assisted them through this process.”
Clyde & Co has a top tier corporate/M&A team in the Middle East. The firm has the largest presence and is one of most experienced international law firms in the region with over 40 partners and 300 staff, based full time in Abu Dhabi and Dubai in the UAE, Doha in Qatar, and Riyadh in Saudi Arabia. The firm supports international and local organisations throughout the wider region with a full-service offering of local specialists across most business sectors and services of law, including commercial, commercial disputes, corporate, cyber risk, data protection & privacy, employment & immigration, finance, global recoveries, insolvency & reorganisation, intellectual property, international arbitration, projects & construction, real estate, regulatory & investigations, and technology, outsourcing & data.