The purchase price was not disclosed.
Eastgate, based in Dubai, is one of the largest private equity firms in the Middle East. It was established in 2006 as the private equity arm of NCB Capital, the investment banking, asset management and brokerage subsidiary of the National Commercial Bank of Saudi Arabia.
Eastgate has $800m of commitments under management.
King & Spalding attorneys on the transaction were partner Benjamin Newland and associates Tamam Barhoush and James Stull, all resident in the firm's Dubai office.
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King & Spalding advises Eastgate Capital Group on Indian investment
- United Arab Emirates: Wednesday, July 23 - 2008 at 12:41
- PRESS RELEASE
King & Spalding, a leading international law firm, advised Eastgate Capital Group in its acquisition of a significant minority interest in Avendus Capital Private Limited, a financial services company in India.
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About King & SpaldingKing & Spalding is an international law firm with more than 800 lawyers in Abu Dhabi, Atlanta, Austin, Charlotte, Dubai, Frankfurt, Houston, London, New York, Riyadh (affiliated office), San Francisco, Silicon Valley and Washington, D.C. The firm represents half of the Fortune 100 and in a Corporate Counsel survey in September 2007 was among the top firms representing Fortune 250 companies.
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Matt Hyams
King & Spalding
Ph. 212-827-4057
Posted by Medilyn Manibo, Assistant News EditorWednesday, July 23 - 2008 at 12:41 UAE local time (GMT+4)
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