The global law firm of Thompson & Knight LLP recently assisted the Center for Digital Inclusion ("CDI"), a Brazilian nonprofit organization that provides computer access and training in impoverished communities, in the acquisition of Jordan-based Shabakat Al Ordon ("Shabakat"), the largest nonprofit organization focused on digital inclusion in the Arabic region.
This significant cross-border acquisition was funded by James Wolfensohn, the former president of the World Bank. Shabakat will become CDI Jordan, and the new entity will serve as CDI's regional hub for further expansion in the region, specifically focusing on Levant, the GCC countries, and North Africa, where only 22 percent of the Arabic population have Internet access.
The Thompson & Knight team advising on this pro bono project was led by Marcello Hallake, a Partner in the Firm's New York office and the President of CDI International, and included Associates Carolyn S. Mulvey, Irene Ribeiro, and Remy M. Davis.
"This acquisition will allow CDI to further its mission of global digital inclusion, and Thompson & Knight is proud to have participated in a project that will positively impact the lives of those in need around the globe," says Hallake.
According to Rodrigo Baggio, CDI's founder, "Thompson & Knight's expertise in cross-border mergers and acquisitions as well as the dedication of the firm's team were fundamental to the success of this important transaction."