Nov 23 2010 |
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King & Spalding Deal Named Private Equity World's 2010 Deal of The Year
DUBAI, United Arab Emirates, November 23, 2010 - An equity investment deal King & Spalding had a key role in executing was named deal of the year at the 4th annual Private Equity World Awards MENA last night during ceremonies in Dubai. King & Spalding Riyadh-based client Jadwa Investment Company received the award for its acquisition of a significant equity stake in Gulf Union Foods Company (GUFC), one of the largest producers of juices and beverages in Saudi Arabia.
Jadwa Investment
was recognized for positively contributing to the development of the MENA region's private equity industry, while demonstrating an unparalleled ability to succeed and continually set standards of excellence.
King & Spalding
advised
Jadwa
in January 2010 on the acquisition, which was made by the Shari'ah-compliant
Jadwa
Food and Beverage Opportunity Fund.
King & Spalding
also advised
Jadwa
in relation to the structure and formation of the fund with the Saudi Arabian Capital Market Authority. GUFC manufactures juices, nectars and flavored drinks, with its products sold in more than 20 countries across different regions, including the MENA region, Canada, the United Kingdom and the Indian subcontinent.
The
King & Spalding
legal team representing
Jadwa
on the structure, documentation, legal and Shari'ah-compliance of both the acquisition and the fund was led by partner Nabil Issa of the firm's Dubai and affiliated Riyadh offices and by Dubai-based corporate partner Wael Wahbeh. Riyadh-based counsel Mohammad Al-Ammar and New York-based associate James Stull (formerly based in Dubai) assisted with the transactions. Marc Parrott, a Dubai-based funds counsel, assisted with the related fund.
Issa said, " King & Spalding is proud to have clients such as Jadwa investments, who look to our firm for cutting-edge Shari'ah-compliant deals and are willing to work with us to create innovative solutions to the challenges they face in their transactions."
About King & Spalding
Celebrating 125 years of service, King & Spalding is an international law firm with more than 800 lawyers in Abu Dhabi, Atlanta, Austin, Charlotte, Dubai, Frankfurt, Geneva, Houston, London, New York, Paris, Riyadh (affiliated office), San Francisco, Silicon Valley, Singapore and Washington, D.C. The firm represents half of the Fortune 100 and, according to a Corporate Counsel survey in August 2009, ranks fifth in its total number of representations of those companies. For additional information, visit www.kslaw.com.
Matt Hyams
Public Relations Manager
King & Spalding
1185 Avenue of the Americas,
New York 10036
T: 212.827.4057
F: 212.556.2222
mhyams@kslaw.com
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