August 31st, 2015 - Kuwait City, Kuwait - Meysan Partners, a leading Middle Eastern corporate law firm, has advised French engineering group Egis on its 51 per cent acquisition of Kuwait-based company, Projacs, one of the largest Middle Eastern project and construction management firms.  The deal will enable both Egis and Projacs to develop new opportunities across the MENA region.

With over USD 2500 billion worth of projects under planning, bidding or execution across the region, both Egis and Projacs have identified significant opportunities for partnership and have over the past few months began sharing resources and capabilities as well as developing joint approaches for business development.

The cross-border deal involved complex foreign ownership restrictions and taxation issues across four continents and 17 jurisdictions. Meysan acted as international counsel for Egis, covering the due diligence across all jurisdictions, as well as the negotiation of transaction documents to achieve signing and closing. 

Commenting on the deal, Abdul Aziz Al-Yaqout, Senior Partner at Meysan said: "This is a key deal for Egis and Projacs alike, bringing a raft of commercial opportunities to both parties.  Meysan advised Egis throughout the process, in what was a complex deal spanning multiple jurisdictions. This is exactly the sort of high-value, complex work Meysan Partners set out to deliver as part of our strategy since launching in January of this year, and we are delighted to have brought this deal to a successful close."

The Meysan team was led by Senior Partner Abdul Aziz Al-Yaqout, and included associates Tarek Yehya, Michel Ghanem, Shahad Al Robaian and Mosaed Al Ajeel.

Meysan Partners was established in January 2015, with its inaugural office located at Al Hamra Tower in Kuwait City. Its client list to date already includes some of the largest regional blue-chip companies and family groups, multinational corporations, international financial institutions, sovereign governments and their agencies, domestic corporations and financial institutions, as well as high net worth individuals. 

About Meysan Partners
Meysan Partners is a Kuwait-based corporate law firm offering high quality, innovative legal advice delivered by a team of highly-experienced Arabic and English speaking lawyers.  This is underpinned by over 35 years of combined experience in the Middle East shared by its partners who, in recent years, have advised clients across a range of industry sectors on some of the most noteworthy and complex transactions in the region. 

For further information, please visit www.meysan.com

Media Contacts 
Karen Morrison,
Head of PR, Meysan Partners
E: Karen.morrison@al-yaqout.com
M: +971526565962 

© Press Release 2015