People

Yousef A. Farsakh is a corporate lawyer with King & Spalding, and is currently resident with the Middle East offices, based in Dubai. Mr. Farsakh has also spent significant time working with King & Spalding’s New York office and affiliated office in Riyadh, Saudi Arabia. He has extensive experience in cross-border mergers and acquisitions and private equity, in various sectors including technology and e-commerce, oil & gas, healthcare, real estate, food & beverage and hospitality. Mr. Farsakh has substantial previous experience in finance, including conventional and Islamic, secured and unsecured, and bilateral and syndicated finances. Prior to joining King & Spalding, Mr. Farsakh was a transactional lawyer with a US law firm in Los Angeles.

Mr. Farsakh previously clerked for a number of business and political organizations in the U.S., Europe, and the Middle East. Mr Farsakh worked for The Carter Center during periods of transition in key Middle Eastern nations. He also externed at the California Supreme Court for the Honorable Justice Ming W. Chin.
Mr. Farsakh served as the Senior Managing Editor of his law school’s Science and Technology Law Journal, and Chair of the International and Comparative Law Society. In 2012, the Board of Governors of the State Bar of California selected Mr. Farsakh as the year’s recipient of the Wiley W. Manuel Certificate for Pro Bono Legal Services. Mr. Farsakh is also a Tony Patiño Fellow.

Full Bio

Credentials

J.D., University of California Hastings College of Law, with high distinction

B.A., University of California-Los Angeles, cum laude, with honors

California

Law Clerk, California Supreme Court, The Honorable Justice Ming W. Chin, California

Arabic

English

Matters

Anadarko, a premier oil & gas exploration and production company, in connection with the approximate US$15 billion project in Mozambique to produce liquefied natural gas (LNG) from 2022 or 2023.

Baker Hughes, a GE company on the US$550 million acquisition of a 5% interest in ADNOC Drilling, the subsidiary of Abu Dhabi National Oil Company and the sale of products and services by BHGE to ADNOC Drilling. The transaction was awarded “M&A Deal of the Year” at the IJ Global 2019 MENA awards.

Puratos NV, a Belgium food ingredients manufacturer, on the acquisition of a regional food & beverage manufacturer and distributor with operations and subsidiaries throughout the Middle East. 

See more
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Matters

Anadarko, a premier oil & gas exploration and production company, in connection with the approximate US$15 billion project in Mozambique to produce liquefied natural gas (LNG) from 2022 or 2023.

Baker Hughes, a GE company on the US$550 million acquisition of a 5% interest in ADNOC Drilling, the subsidiary of Abu Dhabi National Oil Company and the sale of products and services by BHGE to ADNOC Drilling. The transaction was awarded “M&A Deal of the Year” at the IJ Global 2019 MENA awards.

Puratos NV, a Belgium food ingredients manufacturer, on the acquisition of a regional food & beverage manufacturer and distributor with operations and subsidiaries throughout the Middle East. 

The Gulf Japan Food Fund,  a Japanese private equity fund focused on the food industry and backed by Mizuho Bank, in relation to the formation of an investment fund and acquisition of a majority stake in a chain of restaurants.

The founders of Geidea on the sale of a significant portion of their Fintech business to Gulf Capital. At signing, the transaction was reported by the Europe and Middle East Private Equity Association to be the largest ever in the Fintech space in Saudi Arabia and the largest private equity transaction in the Middle East in 2018.  

NBK Capital Partners on their acquisition of a majority interest in Kuwait and Egypt-based 4Sale.com, the market-leading e-commerce and online classifieds portal in Kuwait.

NMC Healthcare, a London FTSE 100 listed company based in Abu Dhabi, on acquiring and restructuring five hospitals/clinics in Saudi Arabia, including Al Qadi Specialty Hospital and Chronic Care Specialty Medical. 

Tamkeen on the sale of 100% of its Tous Spanish jewelry retail brand outlet chain business to Investcorp portfolio company, L’azurde.

Delivery Hero AG on the restructuring and acquisition of the online and mobile food ordering company, Talabat.com from Rocket Internet AG through a share swap (awarded “Middle East Deal of the Year” at the annual Europe Middle East & Africa M&A Atlas Awards). The transaction involved subsidiaries in the UAE, Oman, Jordan, Qatar, Kuwait, Saudi Arabia, and Bahrain.

Delivery Hero AG on the structuring and acquisition of 100% of the share capital of Carriage.com, a leading regional online and mobile food ordering and delivery website, with subsidiaries in Dubai, Abu Dhabi, Kuwait, and Qatar (awarded “M&A Deal of the Year” by the Islamic Finance News awards).

Delivery Hero AG on the acquisition of Yemeksepeti, the online food ordering business based out of Turkey but with subsidiaries in Saudi Arabia, the United Arab Emirates, Lebanon, Oman, Qatar and Jordan (awarded “Turkey Deal of the Year” at the IFN Awards and “Europe Deal of the Year” at the Europe Middle East & Africa M&A Atlas Awards).

Delivery Hero AG on numerous restructurings, acquisitions and disposals throughout the Middle East (including the acquisition of iFood Jordan, FoodPanda in Saudi Arabia and the sale of 24h.com).

Marka PJSC on its acquisition from Gourmet Gulf of the entirety of the business and assets constituting the Morelli’s Gelato café chain in Saudi Arabia, the UAE, Kuwait and Bahrain.

Gulf Capital on the restructuring of its interest in Amcan, a regional health supplements distributor.

The National Shipping Company of Saudi Arabia (Bahri) on the negotiation of a framework agreement and the structuring and establishment of a US$ 1.5 billion fund to acquire approximately fifteen very large crude carriers.

Major UAE sovereign wealth fund on the restructuring of its significant healthcare assets.

Shapoorji Pallonji on various real estate joint ventures including the structuring and documentation of a joint venture with MBM Holdings to develop a tower in Dubai Healthcare City.

Gulf Capital, on the acquisition of 100% of the share capital of a leading regional food & beverage distribution company (distributing Dole, Sweet’n Low, Ocean Spray, Freez drinks, Saladitos, Alicafe, Alitea, McCain frozen foods and others), using Cayman Islands, DIFC and investment fund structures.

Investcorp, a leading regional private equity firm, on the acquisition of an interest in one of the largest food & beverage retailers in the Middle East (Investcorp’s largest investment in the Middle East to date); the preparation of shareholders’ agreement setting out the shareholders’ respective rights and responsibilities; and the acquisition financing in respect thereof.

An international investment firm on an acquisition and the supporting acquisition financing for the purchase of two major hospitality assets in New York.

Dow Chemicals and Aramco Joint Venture on advise relating to various feedstock, supply and pipeline use agreements with regard to a USD 20 billion petrochemical complex in the Middle East.

L Capital Asia (a private equity fund sponsored by Louis Vuitton Moet Hennessy known as “LVMH”) on theacquisition of an interest in Bateel, the preeminent global luxury dates retailer.

General Electric on the reorganization of certain joint ventures and the establishment of a new joint venture in the Middle East.

ACWA Power on the US$3 billion Yanbu III power and desalination project.

Sadara Chemical Company on the largest petrochemical facility ever built in a single phase.  The value of the complex is in excess of US$20 billion. Ongoing representation includes corporate, construction, technology, port and rail projects, finance, intellectual property, information technology, international trade and anti-trust.

Société Générale S.A. and a syndicate of French, UK and US lenders on a working capital facility taken out by the region’s largest franchise retailer and real estate company, structured using a first-of-its-kind point of sale credit terminal receivables securitization utilizing accounts and structures in Saudi Arabia and the UK. This deal has been awarded the “the Structured Finance deal of the year 2014” at the Islamic Finance News Awards 2014.

A syndicate of banks as joint lead managers on a USD 120 million senior unsecured sukuk issuance which was the first-ever Islamic debt capital markets issuance to be structured using certificates listed on the NASDAQ Dubai murabaha platform.  The deal was awarded “the Commodity Murabaha Deal of the Year 2014” at the Islamic Finance News Awards 2014.

A Qatari-Saudi joint venture borrower on a term loan to finance the construction and development of the W Hotel, a five-star resort and luxury residential property on the Palm Island in Dubai, United Arab Emirates.

A major commercial bank in the Middle East on the drafting of standard form documentation (including standard forms of guarantees, assignments, pledges and term loan facilities) to be used for various jurisdictions in the Middle East.

Insights

Newsletter

May 17, 2018
MEasure - Spring 2018

Article · Source: Islamic Finance News

September 20, 2017
Healthcare and education sectors to open to foreigners in Saudi Arabia

View all

Matters

Anadarko, a premier oil & gas exploration and production company, in connection with the approximate US$15 billion project in Mozambique to produce liquefied natural gas (LNG) from 2022 or 2023.

Baker Hughes, a GE company on the US$550 million acquisition of a 5% interest in ADNOC Drilling, the subsidiary of Abu Dhabi National Oil Company and the sale of products and services by BHGE to ADNOC Drilling. The transaction was awarded “M&A Deal of the Year” at the IJ Global 2019 MENA awards.

Puratos NV, a Belgium food ingredients manufacturer, on the acquisition of a regional food & beverage manufacturer and distributor with operations and subsidiaries throughout the Middle East. 

See more
Icon close

Close

Matters

Anadarko, a premier oil & gas exploration and production company, in connection with the approximate US$15 billion project in Mozambique to produce liquefied natural gas (LNG) from 2022 or 2023.

Baker Hughes, a GE company on the US$550 million acquisition of a 5% interest in ADNOC Drilling, the subsidiary of Abu Dhabi National Oil Company and the sale of products and services by BHGE to ADNOC Drilling. The transaction was awarded “M&A Deal of the Year” at the IJ Global 2019 MENA awards.

Puratos NV, a Belgium food ingredients manufacturer, on the acquisition of a regional food & beverage manufacturer and distributor with operations and subsidiaries throughout the Middle East. 

The Gulf Japan Food Fund,  a Japanese private equity fund focused on the food industry and backed by Mizuho Bank, in relation to the formation of an investment fund and acquisition of a majority stake in a chain of restaurants.

The founders of Geidea on the sale of a significant portion of their Fintech business to Gulf Capital. At signing, the transaction was reported by the Europe and Middle East Private Equity Association to be the largest ever in the Fintech space in Saudi Arabia and the largest private equity transaction in the Middle East in 2018.  

NBK Capital Partners on their acquisition of a majority interest in Kuwait and Egypt-based 4Sale.com, the market-leading e-commerce and online classifieds portal in Kuwait.

NMC Healthcare, a London FTSE 100 listed company based in Abu Dhabi, on acquiring and restructuring five hospitals/clinics in Saudi Arabia, including Al Qadi Specialty Hospital and Chronic Care Specialty Medical. 

Tamkeen on the sale of 100% of its Tous Spanish jewelry retail brand outlet chain business to Investcorp portfolio company, L’azurde.

Delivery Hero AG on the restructuring and acquisition of the online and mobile food ordering company, Talabat.com from Rocket Internet AG through a share swap (awarded “Middle East Deal of the Year” at the annual Europe Middle East & Africa M&A Atlas Awards). The transaction involved subsidiaries in the UAE, Oman, Jordan, Qatar, Kuwait, Saudi Arabia, and Bahrain.

Delivery Hero AG on the structuring and acquisition of 100% of the share capital of Carriage.com, a leading regional online and mobile food ordering and delivery website, with subsidiaries in Dubai, Abu Dhabi, Kuwait, and Qatar (awarded “M&A Deal of the Year” by the Islamic Finance News awards).

Delivery Hero AG on the acquisition of Yemeksepeti, the online food ordering business based out of Turkey but with subsidiaries in Saudi Arabia, the United Arab Emirates, Lebanon, Oman, Qatar and Jordan (awarded “Turkey Deal of the Year” at the IFN Awards and “Europe Deal of the Year” at the Europe Middle East & Africa M&A Atlas Awards).

Delivery Hero AG on numerous restructurings, acquisitions and disposals throughout the Middle East (including the acquisition of iFood Jordan, FoodPanda in Saudi Arabia and the sale of 24h.com).

Marka PJSC on its acquisition from Gourmet Gulf of the entirety of the business and assets constituting the Morelli’s Gelato café chain in Saudi Arabia, the UAE, Kuwait and Bahrain.

Gulf Capital on the restructuring of its interest in Amcan, a regional health supplements distributor.

The National Shipping Company of Saudi Arabia (Bahri) on the negotiation of a framework agreement and the structuring and establishment of a US$ 1.5 billion fund to acquire approximately fifteen very large crude carriers.

Major UAE sovereign wealth fund on the restructuring of its significant healthcare assets.

Shapoorji Pallonji on various real estate joint ventures including the structuring and documentation of a joint venture with MBM Holdings to develop a tower in Dubai Healthcare City.

Gulf Capital, on the acquisition of 100% of the share capital of a leading regional food & beverage distribution company (distributing Dole, Sweet’n Low, Ocean Spray, Freez drinks, Saladitos, Alicafe, Alitea, McCain frozen foods and others), using Cayman Islands, DIFC and investment fund structures.

Investcorp, a leading regional private equity firm, on the acquisition of an interest in one of the largest food & beverage retailers in the Middle East (Investcorp’s largest investment in the Middle East to date); the preparation of shareholders’ agreement setting out the shareholders’ respective rights and responsibilities; and the acquisition financing in respect thereof.

An international investment firm on an acquisition and the supporting acquisition financing for the purchase of two major hospitality assets in New York.

Dow Chemicals and Aramco Joint Venture on advise relating to various feedstock, supply and pipeline use agreements with regard to a USD 20 billion petrochemical complex in the Middle East.

L Capital Asia (a private equity fund sponsored by Louis Vuitton Moet Hennessy known as “LVMH”) on theacquisition of an interest in Bateel, the preeminent global luxury dates retailer.

General Electric on the reorganization of certain joint ventures and the establishment of a new joint venture in the Middle East.

ACWA Power on the US$3 billion Yanbu III power and desalination project.

Sadara Chemical Company on the largest petrochemical facility ever built in a single phase.  The value of the complex is in excess of US$20 billion. Ongoing representation includes corporate, construction, technology, port and rail projects, finance, intellectual property, information technology, international trade and anti-trust.

Société Générale S.A. and a syndicate of French, UK and US lenders on a working capital facility taken out by the region’s largest franchise retailer and real estate company, structured using a first-of-its-kind point of sale credit terminal receivables securitization utilizing accounts and structures in Saudi Arabia and the UK. This deal has been awarded the “the Structured Finance deal of the year 2014” at the Islamic Finance News Awards 2014.

A syndicate of banks as joint lead managers on a USD 120 million senior unsecured sukuk issuance which was the first-ever Islamic debt capital markets issuance to be structured using certificates listed on the NASDAQ Dubai murabaha platform.  The deal was awarded “the Commodity Murabaha Deal of the Year 2014” at the Islamic Finance News Awards 2014.

A Qatari-Saudi joint venture borrower on a term loan to finance the construction and development of the W Hotel, a five-star resort and luxury residential property on the Palm Island in Dubai, United Arab Emirates.

A major commercial bank in the Middle East on the drafting of standard form documentation (including standard forms of guarantees, assignments, pledges and term loan facilities) to be used for various jurisdictions in the Middle East.

Insights

Newsletter

May 17, 2018
MEasure - Spring 2018

Article · Source: Islamic Finance News

September 20, 2017
Healthcare and education sectors to open to foreigners in Saudi Arabia

View all

Credentials

J.D., University of California Hastings College of Law, with high distinction

B.A., University of California-Los Angeles, cum laude, with honors

California

Law Clerk, California Supreme Court, The Honorable Justice Ming W. Chin, California

Arabic

English