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Eversheds Sutherland advises Foursan Group on its 21% acquisition of the share capital in Mena Solutions Limited

  • Jordan
  • Middle East

    24-06-2022

    Eversheds Sutherland has advised longstanding client, Foursan Group, on its acquisition of a minority stake (21%) in Mena Solutions Limited (Mena Solutions).

    Foursan Group is a private equity specialist that invests in companies based in the Levant and North Africa that are engaged in a broad range of industries. The Group primarily focuses on accelerated-growth companies with regional and international expansion opportunities to create successful national and regional companies.

    Mena Solutions is a leading software company registered in the Cayman Islands operating under the brand ‘MenaITech’. It has a presence in the MENA region, specifically in Jordan, UAE and Saudi Arabia and specialises in human resources technology solutions.

    The Eversheds Sutherland team was led by Partner Lana Habash, assisted by Associate Mayce Khayri.

    Further support on the cross-border matter was provided by Maples Group who acted as Cayman Counsel.

    Lana Habash, Eversheds Sutherland, said: “We are so pleased to have been able to support the Foursan Group on yet another important acquisition. We very much look forward to continuing to enhance our knowledge and understanding of their business, and further growing our relationship with the team.”

    Jawaher Bin Talal, Foursan Group, said: “We are very happy to partner with MenaITech and it was a pleasure to work with the team at Eversheds Sutherland on this deal. Eversheds Sutherland delivered exceptional work and attention to detail. The team was instrumental in closing the deal.”

     

    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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