Leading international law firm Clifford Chance has advised Abu Dhabi Commercial Bank PJSC (ADCB), First Abu Dhabi Bank (FAB), HSBC and Standard Chartered Bank (SCB) (together “the Lenders”) on Brookfield’s £2.2 billion recommended offer for Network International Holdings plc (“Network International”).
Network International provides technology-enabled payments solutions to merchants and financial institutions in the Middle East and Africa. The offer values the issued share capital of Network International at approximately £2.2 billion.
The Clifford Chance team was led by partner Graham Brewer with support from counsel Jeremy Barker, senior associate Angad Chaturvedi and trainee solicitor Tanvi Pahwa in Dubai. Partner Erik O’Connor and senior associate Catherine Freeman in London provided support on corporate matters and partner Jemma Dick and lawyer Sarah Johnson in London provided support on tax matters.
Partner Graham Brewer comments “It was a real privilege to advise on one of the first UK public to private acquisition financings involving local UAE-based banks providing certain funds financing alongside international lenders”.
Consistently ranked Band 1 in legal directories, Clifford Chance was named Banking Legal Adviser of the Year at the Bonds, Loans & Sukuk Middle East Awards 2022, International Law Firm of the Year (Middle East) at the Middle East Legal Awards 2023 and Middle East International Law Firm of the Year at the Chambers Middle East Awards 2023. Clifford Chance was also awarded 15 awards at the recent Bonds, Loans and Sukuk Awards 2023.
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