The deal involved advising on and effecting the re-structuring of Rivoli's group of retail trading companies operating in several countries across the region including the UAE, Oman, Bahrain and Qatar, and advising on a substantial private equity investment in the reorganised group.
Corporate partner Jonathan Silver, assisted by associates Claudine Favali and Ian LePelley, led the Clyde & Co team advising on the deal.
"This was an extremely complicated transaction" said Silver, "Credit must go to the management of Rivoli for their focus in completing this deal. Rivoli has gained an extremely strong business partner as a result, which will undoubtedly support the group's ambitious regional expansion drive."
"This is a landmark deal in many ways, and one that clearly demonstrates the strength and attractions of the local economy."
Formed in 1988, the Rivoli Group is a private company known for its diverse portfolio of international luxury brands and for its vast network of retail outlets within the United Arab Emirates and the lower Gulf States. The group is one of the largest importers and retailers of luxury brands in the Middle East across product categories including watches, writing instruments, menswear, accessories, gift items and eyewear. Brands that the Rivoli Group carries include well known and luxury lines such as Montblanc, Dunhill, B&O, Omega, Longines, J.M.Weston, Kenzo Fashion and many more.
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Clyde & Co advises on landmark UAE acquisition (Rivoli)
- United Arab Emirates: Thursday, September 27 - 2007 at 11:09
- PRESS RELEASE
In what has been referred to as a 'milestone in regional private equity transactions', Clyde & Co have advised Rivoli Group LLC (Rivoli) and its owners on the acquisition by Dubai International Capital LLC (DIC), an international investment arm of Dubai Holding, of a significant minority stake in Rivoli.
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Middle East: Clyde & Co is the largest international law firm in the GCC with over 90 lawyers and paralegals in offices in Dubai and Abu Dhabi in the UAE, and in Doha, Qatar.The firm, which has been ranked as the top law firm in the UAE for the third successive year by the international legal directory 'Legal 500', is one of the few law firms in the region with a 'full service' capability and has particular strengths in aerospace, banking & finance, cross-border trade & investment, intellectual property, international arbitration, trade disputes, mergers & acquisitions, corporate & commercial law, shipping, insurance, media & telecommunications, energy, capital markets, real estate & construction, and technology.
International offices: Clyde & Co is a leading international law firm with over 1,100 employees worldwide. The firm has offices in Abu Dhabi, Caracas, Doha, Dubai, Guildford, Hong Kong, London, Los Angeles, Moscow, Nantes, New York, Paris, Piraeus, Rio De Janeiro, Shanghai and Singapore and associate offices in Belgrade and St Petersburg. The firm also has an exclusive co-operation agreement with a major law office in Iraq.
For further information about Clyde & Co in the Middle East please contact
Clinton Swan - Business Development & Marketing Manager (Middle East Region)
Clyde & Co
Tel: +971 4 312 8568
For further international information about Clyde & Co please contact
Lisa Mercer - Head of Communications, London
Clyde & Co
Tel: +44 (0)20 7648 1981
Posted by Anne-Birte Stensgaard, Senior News EditorThursday, September 27 - 2007 at 11:09 UAE local time (GMT+4)
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