GLA & Co Restructures Americana Kuwait Business for Lead-up to IPO
GLA & Co is proud to have acted for Americana in restructuring its Kuwait business, leading to the upcoming successful consummation of this landmark IPO. Specifically, the law firm was mandated to conduct a de-merger of the Kuwait corporate business by separating the Food Processing business from the Restaurant business.
This process began earlier this year and was finalized in time to launch the IPO. The Restaurant business that was spun-off in this restructuring transaction forms the basis of the said IPO. The GLA & Co team members involved in the transaction included Nader Al Awadhi, Alex Saleh, Mohammed Al Awadhi and Ahmad Saleh.
“For me, this transaction is close to my heart as many of my first transactions upon arriving to Kuwait in the mid-1990s involved acting for Americana in negotiating and closing on many of the franchise relationships that now form the basis of this IPO”, said Alex Saleh, Manager Partner of GLA & Co. He further added,”its wonderful to see this come full-circle as we structured the business to be in a position to conduct this landmark IPO.”
“This specific transaction was one of the first mandates GLA & Company received in the beginning of this year and we thank the Americana team in having the confidence in us to successfully see it to conclusion,” said Senior Partner, Nader Al Awadhi. One of the advantages GLA & Co has as a law firm in Kuwait is the ability to process licenses and approvals at the regulatory levels in Kuwait’s Ministries and Regulatory Bodies given Mr. Al Awadhi’s 40+ years of practicing law in this wonderful nation as one of the premier Kuwaiti national lawyers.
Various news articles have reported on the Americana IPO including Bloomberg.