The Dubai office of Weil, Gotshal & Manges has advised KIPCO and Showtime Arabia in one of the largest cross-border mergers in the UAE region. The KIPCO Group is one of the largest diversified holding companies in the Middle East and North Africa (MENA), with consolidated assets of US $19 billion.
Satellite broadcast company Showtime Arabia and Orbit Group, a member of the Riyadh-based Mawarid Group, have merged to create the leading pay-TV platform in the MENA region.
Partner Mark Soundy, assisted by associate Natalie Gray, led the Weil Gotshal Dubai office team, with support from partner Peter King and associates Alicia Speake and Elizabeth Todd.
DLA Piper assisted KIPCO with local due diligence. Linklaters advised Mawarid Group. Credit Suisse acted as exclusive financial advisor on the merger.