Global law firm White & Case LLP has advised on the $4.6bn sales of two Barwa Real Estate Company Q.S.C. assets which represent one of the largest ever M&A transactions in Qatar.
The Firm advised Labregah Real Estate Company Q.S.C., a wholly-owned subsidiary of Qatari Diar Real Estate Investment Company Q.S.C., and Barwa Real Estate Company Q.S.C. on Labregah’s acquisition of a 95% stake in Barwa Commercial Avenue Company for approximately $2.5bn. The transaction closed on July 14, 2014.
White & Case has also advised Labregah and Barwa on the recent $2.1bn acquisition by Labregah of the entire share capital in Barwa City Company, a deal which closed on June 18, 2014. Both sales are part of an announced series of disposals by Barwa to its strategic partner Qatari Diar as Barwa reduces its external debt.
White & Case has an impressive track record advising on market leading M&A transactions in the Middle East. Earlier this year, the Firm advised on the sale of a 37.34% stake in Barwa Bank for a purchase price of approximately $657m.
The White & Case team included partners Michiel Visser (Doha), James Dodsworth (London), Campbell Steedman and Shibeer Ahmed (both UAE). They were supported by associates Charbel Abou Charaf, Robbie Nakarmi, Sarah Kelly, Ibaad Hakim (all Doha), Chris McQuillan, Ali Shaikley, Alaa Eltom (all UAE) and Julian Bailey (London).
The team worked with Andrew Walsh, General Counsel of Labregah Real Estate Company, and Mark Smith, General Counsel of Barwa.
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