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Cases & Deals

November 16, 2022

King & Spalding advises on US-Saudi SPAC combination

King & Spalding represented GLD Partners, LP, a Los Angeles based private equity firm and its portfolio company, Arabian Entertainment Company Limited (AEC), a leading a food, beverage and entertainment company in Saudi Arabia, on a definitive business combination agreement with Sagaliam Acquisition Corp, a special purpose acquisition company (SPAC).

Under the terms of the agreement, Supraeon Investments, Ltd., the parent company of AEC, and Sagaliam will combine into a new company that is expected to be listed on NASDAQ and will adopt Tarfeeh Holdings, Ltd. as the corporate operating brand. More details can be found here.