For media enquiries, please contact firstname.lastname@example.org
Conyers Dill & Pearman and its corporate services affiliate are pleased to have been involved in the US$2.4 billion acquisition of Kuwait Food Company (Americana) K.S.C.P. (“Americana”) by Adeptio AD Investments SPC Ltd., a company incorporated in the Dubai International Financial Centre (“Adeptio”) led by Mohamed Alabbar with the participation of the Public Investment Fund of Saudi Arabia.
Americana is currently listed on the Kuwait Stock Exchange and employs over 60,000 people and operates over 1,200 food and beverage outlets across the Middle East and North Africa, including Costa Coffee, KFC, TGI Friday’s, Baskin Robbins, Krispy Kreme and Pizza Hut, as well as producing bottled water and food products.
The acquisition of Americana involved the first ever mandatory tender offer in Kuwait and is the largest M&A transaction in the Middle East in 2016. Fawaz Elmalki and Oliver J. Simpson in our Dubai office represented Adeptio.