Banking, Finance and Restructuring
Our lawyers represent lenders and borrowers in some of the largest and most complicated financing transactions.
Representative transactions for our lawyers include advising:
- A'ayan Leasing & Investment Company, on all aspect of its US$ 1.5 billion restructuring, including advising on court proceedings under the Financial Stability Law;
- International Petroleum Investment Company, in the $450 million restructuring of Hyundai Oil Refining Company.
Mergers & Acquisitions
Meysan represents a diverse range of multinational and domestic companies and financial institutions in not only the region’s largest mergers and acquisitions, but also many first-of-their-kind transactions in the region.
Representative transactions for our lawyers include advising:
- Advised Al-Khair National for Stocks and Real Estate Company WLL, Gulf National Holding Company K.S.C.C., and Kuwait British Readymix Company WLL on the sale of ordinary shares representing 12.063 % of the issued share capital of Mobile Telecommunications Company “Zain” to Oman Telecommunications Company S.A.O.G valued at $1.58b;
- Advised Mobile Telecommunications Company “Zain” on the sale of its entire block of treasury shares, representing 9.84% of Zain's share capital, to Oman Telecommunications Company ("Omantel") valued at $846m;
- Advised National Investment Company KSCP on the first ever corporate merger in Kuwait under the new 2015 merger regulations set out by the capital markets authority, the CMA. The merger involved two NIC affiliates regulated by the CMA as financial brokerage companies, Al Seef and Al Waseet, deal valued at $100m;
- Advised the shareholders of Abyat Megastore in the sale of a 35% strategic interest in Abyat Megastore to Saudi Arabian regional conglomerate, Al Muhaidib Group;
- Advised the shareholders of Talabat.com on its acquisition for $170m by German E-commerce group, Rocket Internet AG. The deal represents one of the largest ever tech acquisitions in the MENA region;
- Tristar Transport LLC on its acquisition of Abu Dhabi-based Emirates Ship Investment Company, also known as “Eships”, from Egon Oldendorff GmbH & Co. KG, a company of the Oldendorff Group, for $ 90 million.
Capital markets
For the past years, Meysan Partners has been recognized as one of the leading Capital Markets practices in the region, advising on complex Capital Markets structures across the region for multinational and domestic financial institutions and corporations. Clients rely on our global perspective and on our in-depth knowledge and understanding of local and regional laws.
Representative transactions for our lawyers include advising:
- National Bank of Kuwait on their most recent public rights issue of KD 137 Million in June 2016 in compliance with Basel III standards. The rights issue was the first for a leading bank under the new capital markets regulations in Kuwait;
- Boubyan Bank in their recent Tier 1 Sukuk issuance of USD 250 Million in May 2016 in compliance with Basel III standards, the first ever globally and the first under the new Kuwaiti regulations on Sukuk issuance. Meysan Partners acted as underwriters’ counsel. This issuance was under English Law;
- Gulf Bank in their Tier 2 Bonds issuance of KD 100 Million in May 2016 in compliance with Basel III standards, the first for a leading bank under the new Kuwaiti regulations on bonds’ issuance;
- Ahli United Bank in their recent Tier 1 Sukuk issuance of USD 200 Million in October 2016 in compliance with Basel III standards;
- Warba Bank in their recent Tier 1 Sukuk issuance of USD 200 Million in compliance with Basel III standards, that is still on- going;
- Markaz Financial Centre in their recent bonds issuance scheduled for closing in December 2016. Meysan Partners acted as issuer’s counsel;
- The Kuwait Capital Markets Authority on the privatization and IPO of the Kuwait Stock Exchange, including the structuring of the privatization under the new Kuwait Companies Law, and the drafting of the special law on the privatization of the Kuwait Stock Exchange;
- Petrochemicals Industries Company, privatization committee and the board of directors with regards to the structuring and implementation of its private sector participation initiative in relation to its polypropylene plant.
Project Development
Meysan Partners advised on the development, financing, and projects of some of the most cutting-edge transactions in the region in the Oil & Gas sector. These includes public-private partnerships, acquisitions and divestitures (including privatizations), private equity investments, debt restructurings, tax equity transactions and the resolution of political risk claims and investment disputes. We excel in helping clients craft sophisticated solutions to issues that arise in connection with projects in all major industries in the region. Our clients include sponsors, project companies, lenders, private commercial and investment banks, placement agents, underwriters, export credit agencies, multilateral lending institutions, suppliers, contractors, off-take purchasers and advisors
Representative transactions for our lawyers include advising:
Represented the Strategic Investor in the Kuwait Health Assurance Company, in respect of its:
-Incorporation under the companies law and the Kuwait Development Plan law as a project company;
-Preparation and negotiation of the Project Company Shareholders Agreement between the strategic investors and the Government entities including KIA, PIFSS;
- Kuwait Media City Company, in respect of it’s:
- Feasibility study under the KAPP Law and the Kuwait Development Plan law;
- Preparation and review of the Auction and Bidding Processes applicable to the strategic investors;
- Preparation and review of the Project Company IPO process;
- Preparation and presentation of the Project Company Model Shareholders Agreement;
- Preparation and presentation of the O&M and EPC Model Agreements
- National Waste Management Company and Boubyan Petrochemicals Company, sponsors of the $120 million Amghara Solid Waste Treatment Project in Kuwait;
- Mubadala, in negotiating and drafting the Development and Production Sharing Agreement and the Joint Venture Agreement relating to Project Dolphin, the landmark project to develop a tract of Qatar’s giant North Field and produce up to 2 billion cubic feet of gas per day for export to the United Arab Emirates;
- National Bank of Kuwait as lead arranger in the $475 million Sulaibiya Wastewater Project in Kuwait, the first BOT in the State of Kuwait (Winner of Project Finance Magazine’s Middle East Water Deal of the Year);
- Petrochemicals Industries Company, privatization committee and the board of directors with regards to the structuring and implementation of its private sector participation initiative in relation to its polypropylene plant.
