Dubai, 2 November 2010 – Clyde & Co’s Middle East corporate team has completed an acquisition for NASDAQ-listed Automatic Data Processing, Inc’s Dealer Services division (ADP).
ADP Dealer Services Gulf FZ-LLC, a subsidiary of ADP established in Dubai, has acquired Kuwait based software company Professional Application of Computers Company WLL (PACC). PACC has been the distributor of ADP’s Autoline software in the Middle East since 1992.
Dubai based corporate partner Ben Gillespie led the Clyde & Co team advising on the acquisition, which included senior associate Lee Keane and associate Rachel Chadwick.
ADP said: “We chose Clyde & Co as advisors in this transaction because of their pre-eminent reputation in the Middle East for corporate work and were impressed with the service provided.”
Ben Gillespie said: “This strategic acquisition for ADP in the Gulf region required commerciality, creative thinking and a strong team effort. Having assisted ADP with the establishment of their Dubai operations we are pleased to have successfully delivered this transaction overcoming a variety of regional challenges while ensuring that a high-standard of legal advice and client service were maintained at all times.”
NASDAQ-listed Automatic Data Processing, Inc. is one of the world’s largest providers of business outsourcing solutions with nearly $9 billion in revenues and more than 585,000 clients worldwide. Its Dealer Services business unit provides integrated solutions to 25,000 automotive, truck, motorcycle, and marine recreational dealers throughout the world.
Clyde & Co has four Middle Eastern offices, which operate as a single unit; Abu Dhabi and Dubai in the UAE; Doha in Qatar; and an associated office in Riyadh in Saudi Arabia. The firm formalised its presence in the Middle East in 1989 after many years of client activity in the region. Today Clyde & Co is recognised by the market as one of the major international law firms in the Middle East.