Clifford Chance's Dubai office has advised Abraaj Capital (one of the leading private equity firms in the Middle East) on the acquisition of Egyptian Fertilizers Company (SAE) ('EFC'), a private joint stock company and one of Egypt's largest private-sector fertilizer manufacturers and exporters, for an amount of US$1.41 billion. This is the largest private equity transaction to date in the Middle East and North Africa Region. The acquisition was structured via Egyptian and Cayman companies with certain existing investors rolling over their investment in EFC.
In addition, Clifford Chance's London office advised Deutsche Bank AG, London Branch on the financing for the acquisition.
Simon Clinton, assisted by Antonia Brennan, Charlotte Douglass, Richard Parris, Susi Crawford and Helen Ahern, led the Dubai-based team.
Simon said: "This is a very important transaction for the Middle East private equity market as it is a terrific example of a Western private equity model being tailored for the Middle East market."
Geeta Khehar, assisted by Taner Hassan and Martin Forbes, led the London based financing team, putting in place bridge financing to be taken out by uniquely customized Sharia compliant financings in the bank markets and the capital markets.
Macfarlanes advised Abraaj Capital on the terms of the financing.
This deal is evidence of the firm's involvement in the most high profile private equity transactions in the region.
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Clifford Chance advises on the largest private equity transaction in history of the Middle East and North Africa region
- United Arab Emirates: Monday, June 25 - 2007 at 16:07
- PRESS RELEASE
Clifford Chance's advised Abraaj Capital on Egyptian Fertilizers Company (SAE) ('EFC')acquisition.
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1. Private Equity: Clifford Chance's global private equity practice is a market leader providing the highest quality advice on all aspects of private equity. Our uniquely integrated service is provided by specialist lawyers with extensive multi-jurisdictional experience combined with a business focused, innovative approach.Finance: The firm has the world's largest international finance practice with approximately 740 partners and lawyers located in major financial and commercial centres worldwide. The practice provides advice across the full spectrum of financial products including bank lending, acquisition finance, asset finance, derivatives, project finance, restructuring and insolvency and structured finance.
Clifford Chance is the first firm to bring together lawyers in Europe, the Americas and Asia to advise on national and international regulatory issues and the relationship between regulatory systems. It acts for all the world's leading investment and commercial banks across all major jurisdictions as well as many corporate businesses. The practice also advises regulatory authorities, supranational bodies, governments and government agencies.
2. Clifford Chance LLP is the first fully integrated global law firm, with 28 offices in 20 countries*. The firm aims to provide seamless global services to the world's leading financial institutions and multinational businesses.
3. Unrivalled in its international resources, Clifford Chance has over 3,800 legal advisers and is organised around six global practice areas: capital markets; corporate (including M&A); finance; litigation and dispute resolution; real estate; and tax, pensions and employment law.
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Posted by Lara Lynn Golden, News EditorMonday, June 25 - 2007 at 16:07 UAE local time (GMT+4)
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