Ashurst advises on Transmed Holding's acquisition of Amcan
25 January 2024
Global law firm Ashurst has advised Transmed Holding on its acquisition of Amcan, a player in MENA's sports nutrition market.
Transmed Holding is a FMCG company in the Middle East and Africa, while Amcan is the largest sport nutrition and healthy food distribution business within the MENA region, with a network spanning over 18 different countries.
The transaction involved the acquisition of subsidiaries in the UAE and the Kingdom of Saudi Arabia through which the business distributes products to the broader MENA region.
The team was led by partner Simon Rahimzada and included partner Faisal Baassiri, senior associates Zaid Al-Rizzo, Ghassan Bayumi and associates Johnny Farhart, Haifa AlZeer, Rayan AlMadani and Layla Kimmie and paralegal Nisreen Rabah. Partner Nicholas Gardner and associate Umut Bektas supported on tax matters, while competition advice was provided by partner Neil Cuninghame and senior associate Adelle Elhosni.
Commenting on the transaction, lead partner Simon Rahimzada said: "We are delighted to have assisted Transmed on this important strategic acquisition for them in the MENA region. This is our first substantial mandate for this client that is actively expanding its business through an aggressive acquisition strategy and we look forward to assisting them with future transactions."
