Maples Group Luxembourg Assists Kamco Invest in Strategic European Joint Venture
The Maples Group is pleased to announce that a multi-disciplinary team in its Luxembourg office assisted Kamco Investment Company K.S.C.P (“Kamco Invest”) with the successful acquisition of a joint venture company, European Green Logistics Space (“EGLS”), a specialist pan-European developer, investor, and manager of logistics assets across Europe. Kamco Invest has partnered with an expert team led by logistics real estate veteran, Ian Worboys, to form EGLS.
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Kamco Invest is a regional non-banking financial powerhouse headquartered in Kuwait with offices in key regional financial markets, offering a comprehensive range of investment products and services covering asset management, investment banking and brokerage.
EGLS will play a pivotal role in the development, investment, and management of logistics assets across Europe. With a focus on sustainability, EGLS will deliver modern, sustainable big box and urban logistics facilities through acquiring and retrofitting standing assets as well as undertaking ground-up developments.
Maples and Calder (Luxembourg) SARL acted as Luxembourg legal counsel to Kamco Invest, providing a comprehensive suite of services that included the set-up of the Luxembourg acquisition vehicle. The team was led by head of Corporate, Baptiste Aubry, with assistance from Associate, Marine Bauchet. The Group’s Luxembourg Fiduciary Services team provided essential domiciliation, directorship, accounting and company secretarial services. The team was led by Senior Vice President and Head of Fiduciary Services, Jorge Perez, with assistance from Senior Vice President, Thibault Corlay, Vice President, Christophe Preney, and Assistant Vice President, Adnan Riaz.
Commenting on the transaction, Baptiste said, “We are delighted to have supported Kamco Invest in this strategic acquisition. This transaction highlights the strength and expertise of our multi-disciplinary team in Luxembourg, as well as our ability to navigate complex financial structures and regulatory environments. Our involvement, from legal counsel to fiduciary services, demonstrates our commitment to providing comprehensive and seamless support to our clients.”
Taylor Wessing UK acted as the project manager, and Taylor Wessing Prague, provided Czech legal advice. Additionally, E&Y advised on the tax aspects of the transaction.
Maples and Calder (Luxembourg) SARL provides full service legal advice on Luxembourg matters and has dedicated practices in Corporate, Finance, Funds & Investment Management and Tax, with a deep bench of highly experienced lawyers on the ground. The Maples Group also provides fund and fiduciary services from Luxembourg and the breadth of its combined international capabilities along with its ability to advise on multi-jurisdictional transactions continues to set the law firm apart from its local counterparts.
