Clyde & Co advises Al Khayyat Investments on its acquisition of Growthcap's distribution business
Press Releases 17 November 2022 17 November 2022
Global law firm Clyde & Co has advised regional conglomerate Al Khayyat Investments (“AKI”) on its acquisition of Growthcap Investments LLC’s distribution business in the UAE in respect of over 30 brands including Tippys, Natures Kitchen, Enviro Guard, Resona Organics and Huy Fong.
Headquartered in the UAE, AKI is a leading family-owned regional conglomerate with long-standing brand partnerships and advanced infrastructure and logistics centres operating across various sectors including pharmaceuticals, medical equipment, pharmacies, FMCG, retail, hospitality, fitness, landscaping, environmental services, automotive and strategic investments.
Clyde & Co acted as lead counsel to AKI. The team was led by Partner and Head of Corporate – Middle East Naji Hawayek and Senior Associate Ghalya Rashid Ali (Corporate), who were assisted by Partner Joycia Young (Commercial), Senior Associate Afraz Hussain (Corporate) and Associate Daniel Goddard (Commercial).
Naji comments: "We are delighted to be supporting AKI on their expansion and growth strategy. AKI is a leading regional conglomerate that has achieved significant business results in its key sectors. We wish the AKI team continued success as their business plans progress.”
Clyde & Co has a top tier corporate/M&A team in the Middle East. The team have recently advised Aldar on its USD 1.17 billion acquisition of four prime Grade A commercial towers in the ADGM from Mubadala Investment Company – the acquisition represents one of the largest real estate transactions in the UAE; advised noon on its AED 1.23 billion (USD 335.2 million) acquisition of Namshi from Emaar Malls; advised Oliver Wyman on its acquisition of Booz Allen Hamilton’s strategy consulting business serving the Middle East and North Africa region; advised the shareholders of AlMansoori Petroleum Services LLC (“AMPS”) on its 100% disposal to Industrialization and Energy Services Company (“TAQA”); and advised Aldar on its AED 810 million acquisition of the beachfront resort, DoubleTree by Hilton Resort & Spa Marjan Island in Ras Al Khaimah.
Clyde & Co has the largest presence and is one of most experienced international law firms in the Middle East with over 45 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.