Leading international law firm Clifford Chance has advised Dubai Islamic Bank (as Lead Manager) in connection with MENA private healthcare services provider Burjeel Holdings’ initial public offering (IPO) and listing on the Abu Dhabi Securities Exchange (ADX).
This IPO represents an important milestone for Burjeel, which operates 16 hospitals and 23 medical centres, and is the first privately-owned company to go public in the UAE this year. Demand from local institutional and retail investors resulted in the IPO being oversubscribed 29 times, raising approximately US$$300 million and leading to Burjeel becoming one of the largest private healthcare companies on the ADX by market capitalisation once listed.
A cross-border team advised on the transaction, jointly led by Dubai-based partner and head of the Middle East equity capital markets practice, Mike Taylor, and London-based US securities partner John Connolly, who were supported by senior associates Rezwan Azam (Dubai) and Christopher Osborne (London), and associates Massimiliano Valli (Dubai) and Rachel Sumption (London).
Where the legal industry reads first.
Enjoyed this article? Get the biggest legal industry updates, deals, appointments, insights and expert interviews in your inbox, free.
No spam. Unsubscribe anytime.From Legal Desire
Is your firm the one being cited, or the one being skipped?
We ran the test. On several everyday legal questions, software companies are answering and law firms are not. We help firms fix that, and we build the technology behind the practice.
The advising firms, the named deal team, the value and the parties, with every other announced deal by the same firms and lawyers. Open the deal record
