Partner Article

Taylor Wessing Middle East advises Mediaquest on acquisition

Dubai, UAE, 12 June 2013 –Taylor Wessing Middle East has advised leading regional media business, Mediaquest, on its acquisition of the AME Info and SME Info websites, two of the leading business outlets for news and information in the Middle East and North Africa region from AME Info FZ-LLC, owned by Top Right Group.

The Taylor Wessing Middle East team was led by recently arrived corporate finance partner, Tahir Ahmed, with assistance from associates, Melissa Forbes and Sanjanaa Chindalia.

Commenting on the transaction, Tahir Ahmed said: “We are delighted to have advised Mediaquest on this landmark deal for the UAE online media sector. The main challenges of the transaction arose from the timetable set for the deal which meant we had to get up to speed and complete the deal within seven days of being instructed. We were able to meet this timetable by combining the firm’s core strengths in private equity, technology and media.

“The transaction also overlaps with our own local SME initiatives which include advising Dubai SME, the government body tasked with fostering Dubai’s SME sector and NASDAQ Dubai on its own SME initiative. We view the TMT and SME sectors as being increasingly important to our regional corporate practice. We congratulate Mediaquest and wish them well with the acquisition.”

Michael Dennison of Allen & Overy advised the Seller.

-ENDS-

Media Contacts:

Richelle Fosberry Mutaz Albadri

Mojo PR Mojo PR

Tel: + +971 50 428 2557 Tel: +971 50 570 6785

Email: richelle@mojo-me.com Email: mutaz@mojo-me.com

About Taylor Wessing (Middle East) LLP:

Taylor Wessing is an elite international law firm, with 22 offices in 13 jurisdictions and some 900 legal advisers. We offer our clients a streamlined and integrated global service across the Middle East, Africa, Asia, Europe, India, North America and Brazil. Our deep MENA roots, global footprint and unique people proposition ensures we are perfectly equipped to provide advice of the highest possible standard on local, regional and international transactions within any market. Our team regularly represents some of the region’s leading corporations and financial institutions on ground breaking and innovative transactions including: joint ventures, IPOs, mergers and acquisitions and capital markets work.

Our lawyers’ ground breaking transactions include:

First private placement from the DIFC; First investment structure to be established under the DIFC’s new Collective Investment Law enacted in July 2010; First bond issue in Saudi Arabia; First book built and underwritten private company IPO in Saudi Arabia; and First sovereign Sukuk from Pakistan.

This was posted in Bdaily's Members' News section by Richelle .