Clyde & Co advises Zaad Capital on its sale of Basatin Landscaping
Communiqués de presse 3 août 2023 3 août 2023
Clyde & Co has advised Zaad Capital on its AED 150 million sale of 75 per cent of Basatin Landscaping to Aldar Properties PJSC, the Abu Dhabi based property development, management, and investment company.
Basatin Landscaping is a provider of a wide range of landscaping services, including design, installation, paving, gardening, and green waste disposal. The company has over 1,000 employees and has provided landscaping services for key clients in the UAE, including the Department of Municipalities and Transport and Expo 2020.
Clyde & Co acted as lead external counsel to Zaad Capital. The team was led by partner Chadi Salloum and senior associate Afraz Hussain who were supported by legal director Krishen Patel, associate Sinan Amso, FDI and corporate structuring manager, Marwa El Gazzar, trainees Ana Favretto and Nouria Hammeda, and company secretary assistant Nidhiya Jaimon.
With over 30 years of experience in the Middle East and Africa (MEA), Clyde & Co is one of the largest international law firms with over 90 partners and over 540 staff operating through 9 offices and associated offices in Abu Dhabi, Cairo, Cape Town, Dar es Salaam, Doha, Dubai, Johannesburg, Nairobi, and Riyadh. Clyde & Co 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.