Benjamin Newland is a partner in King & Spalding’s New York and Dubai offices. His practice covers a broad range of real estate, corporate and finance matters, with particular emphasis on real estate investment and financing transactions, joint ventures, private company M&A and Shari’ah-compliant transactions. Mr. Newland also has extensive experience in investment fund formation, corporate restructurings, privatizations, corporate governance advisory work and other business matters. Both Chambers Global and The Legal 500: Europe, Middle East & Africa recognize him as a leading transactional and fund-formation lawyers. Chambers Global 2014 quotes one client as saying “He’s outstanding – an innovative thinker who is extremely helpful and goes the extra mile.” The publication also notes that he is “well regarded for M&A, private equity and fund formation mandates,” and states that clients praise his “dedication and sheer business knowledge and intellect.”
Representative real estate related matters include:
- Advised ARC Real Estate Income Fund on the $359 million sale of its entire real estate portfolio in Saudi Arabia and the United Arab Emirates.
- Advised Kuwait Real Estate Company (Aqarat) on its joint ventures for the acquisition and development of hospitality properties in Florida and New York City.
- Advised PineBridge Investments Middle East on the acquisition and related lease-back of a GEMS Education school facility in the UAE.
- Advised Arcapita Bank and Al Rajhi Capital, as managers of the ARC Real Estate Investment Fund, on the Shari’ah-compliant acquisition and related leaseback of a W.J. Towell & Associates warehouse property in Oman.
- Advised ARC Real Estate Investment Fund on the Shari’ah-compliant acquisition and related leaseback of two advanced logistics warehouses in the Jebel Ali Free Zone.
- Advised the ARC Real Estate Investment Fund on its Shari’ah-compliant acquisition from Savola Group of a grocery distribution warehouse in Saudi Arabia, and in the related leaseback of the warehouse to Azizia Panda.
- Advised Eastgate Capital on the acquisition and related lease-back of Repton School in Dubai, UAE.
- Advised Mohamed & Abdullah Al Subeaei Investment Co. (“MASIC”) on its £100m Shari'ah-compliant mezzanine financing to help fund the redevelopment of King’s Reach Tower in London
- Advised Lion Industrial Trust, an open-ended real estate fund, on quarterly closings, investor redemptions, negotiation of side letters and other investor-related matters.
Representative corporate M&A and joint venture matters include:
- Advised L Capital Asia on the acquisition of a significant minority interest in Bateel Holding Ltd., a Middle East premium food retailer and café operator.
- Advised Pacific LNG Operations Ltd. on a US$ 900 million sale of an interest in natural gas fields in Papua New Guinea to Oil Search Limited.
- Advised Eastgate Capital Group in the acquisition of an interest in Sigma Pharmaceuticals, a manufacturer of generic pharmaceuticals in Egypt, including for negotiation of a complex shareholders agreement.
- Advised Eastgate Capital Group in the acquisition of an interest in Avendus Capital, a financial-services company in India.
- Advised Mohamed & Abdullah Al Subeaei Investment Co. (“MASIC”) for its investment in the preferred stock of C8 MediSensors, a California developer of a medical device for continuous, non-invasive blood glucose monitoring.
- Advised MASIC as part of an international consortium bidding on the US$2 billion “public-private partnership” for the rehabilitation, expansion, operation, development and maintenance of the Madinah, Saudi Arabia airport.
- Advised Allis-Chalmers Energy Inc., a Lime Rock Partners portfolio company, in its joint venture with Rawabi Group for development of an oil-field equipment rental business in Saudi Arabia.
- Advised Seera Investment Bank (f/k/a United International Bank) in its Shari’ah-compliant leveraged acquisition of a controlling interest in Kosan Crisplant Holding A/S, a Denmark-based filler and distributor of liquefied propane gas cylinders.
- Advised Jadwa Investment Co. in its successful bid to acquire from Exxon Mobil a 30% interest in the Saudi Aramco Lubricating Oil Refinery (Luberef).
- Advised Morood Investment for its debt and preferred stock financing of Zink Imaging, Inc., a Boston-based thermal printing technology company.
Prior to joining King & Spalding, Mr. Newland co-founded and served as vice president of Active.com, also known as The Active Network (listed on the New York Stock Exchange before being taken private for US$1 billion by Vista Equity Partners), the leading internet resource for sports event registration, data management and marketing. Upon graduation from law school Mr. Newland was an associate with the law firm of Cleary, Gottlieb, Steen & Hamilton.
Mr. Newland received his J.D. from The University of Chicago Law School. He received his undergraduate degree, summa cum laude, from Columbia University, where he was elected to Phi Beta Kappa. Mr. Newland is a member of the American Bar Association and is admitted to practice in California, Georgia and New York.
He serves on the steering group for the International M&A and Joint Venture Committee of the ABA’s International Law Section.