Advisory to GL events on UAE acquisition
04 Oct 2017
Simmons and Simmons advises GL events on UAE acquisition
Simmons & Simmons advised GL events on a significant M&A transaction in the UAE. The Middle East Corporate & Commercial team, led by partner James Coleman and including associates Katrina Morrison and Noor Al Heialy, advised GL events, a Euronext Paris listed entity and one of the world’s largest event organisers, in relation to the acquisition of a majority interest in both Wicked Tents LLC (“Wicked”) and Flow Solutions & Power LLC (“Flow”) and its joint venture arrangements with the existing management team. The two acquisitions also involved the implementation of a group reorganisation of Wicked and Flow.
Both Wicked and Flow are leading providers of premium event solutions in the UAE, providing customers with temporary structures and indoor fixtures, power and cooling units. With the acquisition of the two events businesses, GL events has significantly strengthened its presence in the MENA region.
James Coleman commented: “This transaction marked the successful exit for seed investors in the businesses of Wicked and Flow and an important step in the development of GL events’ operations in the Middle East in the lead up to key regional including Expo 2020. The team at Simmons was very pleased to have supported GL events on this successful transaction.”