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Eversheds advises on sale of controlling stake in Sporter.com

  • Middle East

    01-12-2016

    Dubai, 1 December 2016 - Eversheds is pleased to announce that it has advised founder/management shareholders on the sale of a controlling equity stake in Sporter.com to Gulf Capital PJSC, one of the largest and most active private equity and alternative investment firms in the Middle East

    Sporter.com is the leading online retailer of sports and nutrition supplements in the GCC, operating in a rapidly growing sector of the digital economy. Sporter.com's operations are located in state-of-the-art facilities across multiple countries, which allows the company to provide a convenient, timely and price-effective service to customers in the GCC region.

    The Eversheds team was led by Dubai based partner Zeid Hanania with assistance from Hani Nassef and Adam Smith. Ernst & Young acted as financial and tax advisor, while Gibson, Dunn & Crutcher acted as legal advisors to Gulf Capital on the transaction. Capital Bank Corporate Advisory (DIFC) Ltd. acted as financial advisor to the sellers.

    For more information contact

    Zeid Hanania, Partner
    Hani Nassef, Principal Associate

    Disclaimer

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

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