LAWFUEL – The Law Firm Newswire – In what has been referred to as a ‘milestone in regional private equity transactions’, Clyde & Co have advised Rivoli Group LLC (Rivoli) and its owners on the acquisition by Dubai International Capital LLC (DIC), an international investment arm of Dubai Holding, of a significant minority stake in Rivoli.
The deal involved advising on and effecting the re-structuring of Rivoli’s group of retail trading companies operating in several countries across the region including the UAE, Oman, Bahrain and Qatar, and advising on a substantial private equity investment in the reorganised group.
Corporate partner Jonathan Silver, assisted by associates Claudine Favali and Ian LePelley, led the Clyde & Co team advising on the deal.
“This was an extremely complicated transaction” said Silver, “Credit must go to the management of Rivoli for their focus in completing this deal. Rivoli has gained an extremely strong business partner as a result, which will undoubtedly support the group’s ambitious regional expansion drive.”
“This is a landmark deal in many ways, and one that clearly demonstrates the strength and attractions of the local economy.”
Formed in 1988, the Rivoli Group is a private company known for its diverse portfolio of international luxury brands and for its vast network of retail outlets within the United Arab Emirates and the lower Gulf States. The group is one of the largest importers and retailers of luxury brands in the Middle East across product categories including watches, writing instruments, menswear, accessories, gift items and eyewear. Brands that the Rivoli Group carries include well known and luxury lines such as Montblanc, Dunhill, B&O, Omega, Longines, J.M.Weston, Kenzo Fashion and many more.