IFLR1000

Warburg Pincus/General Atlantic acquisition of 49% stake in Network International

26/11/2015
Acquisition finance, Public acquisition
Select tab

Announced

26/11/2015

Overview:

  • Warburg Pincus and General Atlantic have acquired a 49% stake in Network International from the Abraaj Group.
  • Network International is a payment solutions provider focused on the Middle East and Africa.
  • The remaining 51% stake in the company is held by Emirates NBD.

Sam Duke - Editor

Jurisdiction:

United Arab Emirates

Deal types:

Acquisition finance
Public acquisition

Practice area:

M&A

Industry sectors:

Financial services
Technology and telecommunications

Firms:
Allen & Overy

Party: Abraaj Group (Seller)

Lawyers: Haris Meyer Hanif, Nicholas Stuart

Clifford Chance

Party: Emirates Investment Authority (Seller)

Freshfields Bruckhaus Deringer

Party: Warburg Pincus (Acquirer)

Party: General Atlantic (Acquirer)

Lawyers: Patrick Ko, Pervez Akhtar, Sean Pierce (retired)

Gibson Dunn & Crutcher

Party: Emirates NBD (Shareholder)

Latham & Watkins

Party: Citigroup (Lender)

Lawyers: Dan Maze, Nomaan Raja

Related deals