Deals - Middle East

Centrica plc and Qatar Petroleum International (QPI), the international arm and wholly owned subsidiary of Qatar Petroleum (QP), have agreed to acquire jointly a package of producing conventional natural gas and crude oil assets and associated infrastructure located in the Western Canadian Sedimentary Basin from Suncor Energy for C$1 billion (£650 million) in cash. The acquisition is the ... read more

Latham & Watkins advised the underwriters, Samba Capital, Saudi Fransi Capital, AlJazira Capital and Saudi Hollandi Capital, in connection with the IPO of Al Tayyar Travel Group, a Saudi established travel services company. The transaction, which was five times oversubscribed, comprised an offer of 24,000,000,000 ordinary shares representing 30% of Al Tayyar Travel Group’s share ... read more

Perform Group plc ("Perform"), the global market leader in the distribution and commercialisation of sports content across connected digital platforms, announces that it has acquired a majority stake in Mackolik Internet Hizmetleri Ticaret A.S. ("Mackolik") which owns and operates a number of Turkey's leading independent sports websites inclu ... read more

WPP announces that its wholly-owned operating company Shalmor Avnon Amichay Advertising Limited, part of Y&R Advertising, the global marketing communications network, has acquired a 75% stake in Union Media Israel Ltd., ("Union") a leading media investment management agency in Israel. Founded in 2008, Union is based in Tel Aviv and employs ... read more

Investcorp, a global provider and manager of alternative investment products, announced today that it has acquired Sur La Table, a leading national kitchenware retailer with locations across the United States.  The terms of the transaction were not disclosed. Sur La Table was acquired from the Behnke family and investment firm Freeman Spogli & Co. who will both ... read more

Innovative leading oilfield services provider AlMansoori Specialized Engineering (MSE), has signed a joint venture agreement with Hilong Group of Companies of China to establish a drill pipe manufacturing plant, internal coating plant and an Oil Country Tubular Goods (OCTG) finishing plant located in ICAD 1, Abu Dhabi. Hilong Group of Companies is a large Chinese congl ... read more

The announcement comes with an immediate commitment to produce a new series of the Icelandic kids TV series known and aired in more than 100 countries in more than a dozen languages.  Under the terms of the deal, LazyTown’s creator and star Magnus Scheving remains CEO of Latibaer and retains his management team, and the series production stays in Icela ... read more

Hitachi Plant Technologies, Ltd. ("Hitachi Plant Technologies"), on December 13, has reached an agreement to acquire 70% of the stocks of the industrial equipment maintenance service company Saihati Weir Engineering Services Co., Ltd. ("Saihati"), convert the company into a subsidiary and change its name to "Hitachi Saihati Engineering Services Co., Ltd." (te ... read more

Aruba Networks, Inc. (NASDAQ:ARUN) today announced it has completed its acquisition of privately-held Avenda Systems. Avenda Systems is a leading developer of network security solutions that securely connect users and their personal mobile devices to business networks. These solutions facilitate development and enforcement of Bring Your Own Device (BYOD) initiatives in the workplace. ... read more

Aker Solutions has signed an agreement to acquire the well intervention technology business from X3M (pronounced "Extreme") International. The acquisition will grow Aker Solutions' well intervention technology and service portfolio worldwide as well as increase the company's presence in the important Middle East market. X3M is an international niche ... read more

Egypt-based Al Borg Laboratories, a medical-testing company controlled by funds managed by Abraaj Capital, has entered into an agreement for the acquisition of 51% of the share capital of the Medical Genetics Center (“MGC”), Egypt’s largest private Cytogenetics-testing laboratory with an estimated 70% share of the Egyptian private market. ... read more

Mannai Corporation QSC has acquired a 35% shareholding interest in Axiom Limited, the  UAE-based largest pan–GCC mobile handset retailer and distributor that trades under the Axiom Telecom brand. Axiom Telecom is the largest primary authorised retailer and distributor of leading international brands of mobile phones in the GCC region and is a strateg ... read more