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Cases & Deals

May 11, 2016

King & Spalding Advises Gulf Capital on Acquisition of Multibrands Trading, a Large Saudi Food & Beverage Distribution Business

RIYADH, May 11, 2016 — King & Spalding advised Gulf Capital, one of the leading alternative investment firms in the Middle East, on a 100 percent acquisition of Multibrands Trading, a food and beverage distributor in Saudi Arabia with over $100 million in annual turnover. With over 50 brands across five main product categories, Multibrands enjoys a diverse portfolio of products that are distributed through a range of modern and conventional retail chains, hotels, cafes, bakeries and restaurants. The acquisition is the latest carried out by Gulf Capital in the food and beverage sector. King & Spalding also served as lead counsel in relation to the related food and beverage fund that was formed pursuant to the acquisition and advised on aspects of the acquisition financing.

The King & Spalding team on the matter was led by partner Nabil Issa and senior associate Osama Audi with support from counsel Mohammad Al Ammar and associate Yousef Farsakh. The fund set-up was led by partners Issa and James Stull with support from associate Sayf Shuqair. King & Spalding has one of the largest food and beverage practices in the region, and continues to grow its portfolio of clients within the sector.

“We are pleased to continue to be one of the ‘go-to’ firms in relation to the most significant food and beverage deals in the Middle East,” said Issa.

Added Audi: “We’re proud to work with firms such as Gulf Capital, which focus on this very important sector.”

About King & Spalding
Celebrating more than 130 years of service, King & Spalding is an international law firm that represents a broad array of clients, including half of the Fortune Global 100, with more than 900 lawyers in 18 offices in the United States, Europe, the Middle East and Asia. The firm has handled matters in over 160 countries on six continents and is consistently recognized for the results it obtains, uncompromising commitment to quality, and dedication to understanding the business and culture of its clients. More information is available at