Corporate M&A / Capital Markets

Case Study: SALIC - Saudi Agricultural and Livestock Investment Company (a PIF company) acquisition of Daawat

Having worked on numerous M&A transactions,  both buyer / seller side, it was pleasure to advice SALIC, a wholly owned subsidiary of the Public Investment Fund (PIF), the sovereign wealth fund of the Kingdom of Saudi Arabia in its acquisition of 29.91% stake in Daawat Foods Ltd from India Agri Business Fund,  as part of the Kingdom of Saudi Arabia’s strategic food security program.

Corporate M&A / Capital Markets Deal List

  • Led the sale of an F&B business to a major Saudi holding company
  • Advised on sale of a Saudi Arabian company to a Bahrani bank.
  • Led the sale of a Saudi Arabian contracting company to a Qatari controlled investment vehicle.
  • Led due diligence on the £4B acquisition and refinance of ISS by Goldman Sachs in the UK; reviewed and presented to the board of directors all finance documents.
  • Advised on and drafted an amendment agreement for waste water services in the central region of Saudi Arabia.
  • Facilitated sales of companies for consideration value of €40M and €29M while also completing several business sales and due diligence on multiple acquisitions.
  • Setup and launched more than 20 companies across diverse industry segments.
  • Managed legal activities for 70 companies in relation to corporate governance, risk mitigation, and regulatory compliance.
  • Provided general advice on insolvency matters, including different types, advice on director’s liability and indemnities, and process of placing a company into liquidation.
  • Advised on shares issues such as: increasing share capital, reducing share capital, division, consolidation, and redistribution of shares.
  • Conveyed expertise on directors’ and shareholders’ powers, explaining to the board the individual strength of directors and what business functions should be met at the board level and shareholder level.
  • Generated a group-wide policy change on due-diligence requirement.
  • Advised Banque Saudi Fransi (acting as a financial advisor) on the IPO of 40 percent of the share capital of MTC (Zain) Saudi Arabia (the third GSM operator)
  • Advised Sahara Petrochemical Company in its secondary rights and bonus shares offering, and on various compliance matters and ongoing disclosure requirements
  • Advised Abdullah Al Khodari Sons Company in the offering of 30% of its capital to the public through an IPO
  • Advised PCCW in relation to its IPO on the Saudi Stock Market, especially in relation to liability relating to IPO prospectus.