Vinson & Elkins LLP advised TVM Capital MENA in connection with their majority acquisition of Manzil Health Care Services, a provider of 24-hour homecare and rehabilitation services for both adult and children patients. Head quartered in Abu Dhabi, Manzil Health Care Services, formally known as Emirates Outreach Healthcare Services, was founded in 2011 by Dr. Ghuwaya Al Neyad. Manzil also has a branch office in Ras Al Khaimah.

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The UAE offices of international law firm Clyde & Co advise Safar Onshore & Offshore Gas and Oil Field Services Establishment (Safar) on the disposal of 100% of its business to Theodor Wille Intertrade (TWI).

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Gibson, Dunn & Crutcher LLP is pleased to announce that Richard Ernest has joined the firm’s Dubai office as a partner. Previously a partner in the Abu Dhabi office of Clifford Chance, Ernest will continue his banking and finance practice.

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Clifford Chance and Al-Jadaan & Partners Law Firm advised Mondelēz International on a joint venture with Olayan Group and Khalifa Algosaibi Group to launch a distribution joint venture in the Kingdom of Saudi Arabia (KSA).

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Clifford Chance is advising Sorouh Real Estate PJSC on its proposed merger with Aldar Properties PJSC, terms of which were agreed by their respective boards on 20 January 2013.

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Leading international law firm, Freshfields Bruckhaus Deringer has advised UAE banking group Emirates NBD on its acquisition of a 95.2% stake in BNP Paribas Egypt. In line with Emirates NBD’s plans for regional expansion, the deal will greatly expand the bank’s corporate and retail offering and give it a strategic presence in the key Egyptian banking market.

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International law firm Taylor Wessing (Middle East) LLP today announced the appointment of Tahir Ahmed as a new partner in its Corporate Finance group. Tahir’s appointment brings the total number of partners in the Dubai office to six and follows the recent appointment in June 2012 of Neale Downes as a partner to lead the finance team.

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International law firm Stephenson Harwood opens its Dubai office today.

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Clifford Chance is advising QNB Group on the acquisition of Société Générale’s stake in National Société Générale Bank – Egypt (NSGB).

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Latham & Watkins advised Abu Dhabi Islamic Bank PJSC, one of the leading Islamic banks in the Middle East, in connection with the region’s first perpetual and Basel III compliant tier 1 sukuk issuance. The initial benchmark size for the issuance of US$500 million was more than 30 times oversubscribed, with an order book of US$15.5 billion, and the expected profit rate of 6.375% is the lowest ever coupon for an instrument of this type. The transaction has allowed Abu Dhabi Islamic Bank PJSC to strengthen and diversify its capital base in line with international best practice in capital management.

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