By: Ahmed El Sharkawy, Heba Anwar Raslan, Esraa Abdelmoniem 

Sharkawy & Sarhan Advises Alabbar-Led Adeptio on the Egyptian Aspects of its $2.36 Billion Acquisition of Americana

Sharkawy & Sarhan Advises Alabbar-Led Adeptio on the Egyptian Aspects of its $2.36 Billion Acquisition of Americana

Americana Group is the largest integrated food company in the Middle East. The work included performing full-form due diligence on the Egyptian entities. The transaction is likely to become the biggest M&A transaction in the Middle East in 2016 Sharkawy & Sarhan has advised Adeptio AD Investments SPC Ltd., the group led by Emaar Properties PJSC Chairman Mohamed Alabbar, on its  acquisition of a 67 percent stake in Middle East fast-food operator Kuwait Food Co. (Americana) at about $1.8 billion. Adeptio will pay 2.65 Kuwaiti dinars ($8.80) per share, and will then will launch a mandatory takeover offer in Kuwait for the remaining shares of Americana at the same price. The transaction is likely to become the biggest M&A transaction in the Middle East in 2016. The role of Sharkawy & Sarhan included performing a full-form due diligence exercise and report on the Egyptian part of Americana Group, advising from an Egyptian law perspective on the acquisition, and assisting with acquisition structuring and acquisition finance structuring. Sharkawy & Sarhan team was led by Partner Ahmed El Sharkawy and Senior Associate Ahmad Farghal. The team included Senior Associates Heba Raslan and Lobna Emad, and associates Esraa Abdelmoniem, Marwa El-Shaarawy, Omar Khattab, Mohamed Rasekh, and Mennatullah Sultan.