July 3, 2018

Clyde & Co advises Mitsubishi Corporation on its strategic acquisition of a stake in Al Islami Foods

Global law firm Clyde & Co has advised Mitsubishi Corporation on its acquisition of a minority stake in Al Islami Foods, the UAE-based halal food manufacturer and one of the leading frozen food companies in the GCC market.

This investment by Mitsubishi Corporation will assist Al Islami Foods to grow in the HORECA (hotel, restaurant and catering) and food service space within the GCC region. It will also allow Al Islami to capitalise on Mitsubishi’s international distribution expertise in key markets, particularly in Asia. Al Islami Foods is a subsidiary of Dubai Cooperative Society.

Clyde & Co advised Mitsubishi on all aspects of the acquisition, including drafting and negotiating the transaction documents and corporate structuring issues. The transaction illustrates the ever growing appetite for international players to invest in the Middle East region.

Jonathan Silver, Corporate Partner and Chairman of Clyde & Co's MENA Management Board comments: "This ground-breaking transaction marks the creation of a strategic partnership in halal food, one of the fastest growing sectors in the GCC. It underscores Clyde & Co's commitment to support clients, in particular Asian corporations, in their inbound investments right across the region".

The Clyde & Co team was led by Jonathan Silver and corporate partner Stephen McKenna with lead support from Senior Associate Rob Barrett. The transaction also drew on the resources of our regionally-based Real Estate, Employment and IP teams.

Clyde & Co has forged a reputation as a go-to firm for M&A and JV transactions, with the largest corporate practice in the Middle East with 20 partners and over 70 experienced lawyers. As one of the region's few genuine full-service firms, Clyde & Co acts as a 'one-stop shop' and advises on a number of significant acquisitions and divestments for listed companies, private equity firms and international and domestic investors. It has assisted clients in realising their investments, gaining access to new markets and achieving their corporate objectives for more than 25 years in its key focus sectors.

Clyde & Co has the largest presence and is one of most experienced international law firms in the Middle East with over 40 partners and 400 staff, based full time in Abu Dhabi and Dubai in the UAE, Doha in Qatar, Muscat1 in Oman and Riyadh in Saudi Arabia, providing a full-service commercial offering of local specialists across most business sectors and practice areas.

 

1 Office of Fatma Al Mamari Advocacy and Legal Consultancy Firm, in association with Clyde & Co.