SNR Denton advised Standard Chartered Private Equity Limited, the private equity arm of Standard Chartered Bank, in its closing of a USD75 million mezzanine investment in Hassan Mohammed Jawad & Sons BSC, a family-owned private company based in Bahrain.
This is Standard Chartered Private Equity’s first proprietary investment in the Middle East and demonstrates a commitment to investing in mid-to-late stage companies across sectors with proven growth oriented business models, positive net cash flow and earnings generation backed by highly capable and trustworthy management teams. Standard Chartered Private Equity executes both mezzanine and equity investments backed by Standard Chartered Bank’s balance sheet, providing clients with flexibility and certainty of funding.
“It was great to work with Standard Chartered Private Equity on what we understand is the largest MENA corporate mezzanine investment to date,” says Dean Alderton, Partner in SNR Denton’s Abu Dhabi office.
SNR Denton’s team included Alderton, Partner Martin Brown (Doha), Senior Associate Catherine Beckett (Dubai) and Senior Associate Ben Moylan (Doha).