Announcements Maples Group Advises On Largest Tech Acquisition Deal in UAE

08 Apr 2019

The Maples Group is advising Careem Inc. ("Careem") on the sale of substantially all of its business to a subsidiary of Uber Technologies, Inc. ("Uber") for consideration totalling approximately US$ 3.1 billion comprising a mixture of cash and notes convertible into shares of Uber.  The transaction is the largest ever acquisition of a technology business in the United Arab Emirates and the wider region. Incorporated in the British Virgin Islands ("BVI") and globally headquartered in Dubai, Careem, via its subsidiaries, operates ride hailing, food delivery and related services across various jurisdictions in the Middle East, North Africa, Turkey and Pakistan. The Maples Group has acted as BVI counsel to Careem, working alongside Wilson, Sonsini, Goodrich & Rosati, which is acting as US counsel to Careem.

CONTACTS

bioImage

Philip Ireland

Partner

+971 4 360 4073

bioImage

Chris Newton

Partner

+1 284 852 3043

bioImage

Oliver Simpson

Associate

+971 4 360 4072

*
*
*
*

Please note that your email may be received and read by other Maples and Calder lawyers in addition to your intended recipient.

*
*
*

Please note that your email may be received and read by other Maples Group employees in addition to your intended recipient.

Related

Announcements

Maples Group AIFM and UCITS Management Company Services – Update

MPMF Fund Management (Ireland) Limited (“MPMF”), the Maples Group’s Central Bank of Ireland authorised UCITS management company and alternative investment fund manager, has announced a change to its structure. Effective 26 July 2019, MPMF, which was previously a joint venture with Paul Phelan and Philip McEnroe, is wholly owned by the Maples Group.

Read more

31 Jul 2019

Announcements

Maples Group Maintains Leading Position in Chambers High Net Worth

The Maples Group is pleased to announce that it has once again been recognised in the latest edition of the Chambers High Net Worth Guide. 

Read more

29 Jul 2019

Deals

Maples Group Selected to Support Groundbreaking Indo-Japan Fund

Maples Group has been selected to provide Cayman Islands legal advice and trustee, management company, fund administration and directorship services to Indo-Japan Fund.

Read more

28 Jun 2019

Announcements

Maples Group Wins Three 2019 Finance Dublin Deals of the Year

Our Asset Finance, Banking and Corporate teams have been awarded three Finance Dublin Deals of the Year. 

Read more

31 May 2019

Announcements

Maples Group Appoints Edwin Parker as Director of Business Development in Europe

The Maples Group has announced the appointment of Edwin Parker as Director of Business Development for the fund services business in Europe.

Read more

16 May 2019

Announcements

Maples Group Welcomes British Virgin Islands Commercial Court Appointments

Mr. Gerhard H. A. Wallbank and Mr. Adrian Jack were appointed as High Court Judges of the Eastern Caribbean Supreme Court Commercial Division in the British Virgin Islands.

Read more

10 May 2019

Connect

Want to get in touch ?

Contact Us