Global law firm Clyde & Co has advised Hawar Group in connection with the acquisition of a 30% stake in STEAG Power Minerals GmbH, a German company operating internationally in the power generation sector.
Hawar Group was established in Doha by Emad Al-Darwish in 1982. Since its formation, the Group has made a significant contribution to the development of the energy and engineering sectors in Qatar.
The transaction, which marks Hawar Group’s first foray into the European market, required specialist input from our Corporate and EU regulatory practices, which worked seamlessly together with local support in Germany, to provide comprehensive support to the client.
Partner, Prarthna Chaddha, said: “We are delighted to have worked with Hawar Group on this milestone transaction. Our extensive experience in the Middle East and our long standing relationship with the client enabled us to combine regional know-how and global transactional expertise, thereby providing a one-stop shop to the client, and facilitating a smooth and efficient completion.”
Emad Al-Darwish, founder of Hawar Group, said: “We are excited about our entry into the European market by way of this venture with STEAG. We are committed to enhancing the value of SPM and supporting the development of the brand. All our external colleagues working on the transaction have provided exemplary support to ensure that commercial objectives were met in a timely fashion, without compromising on quality and service delivery.”
The firm’s role on this transaction highlights its deep knowledge, local expertise and understanding of international M&A transactions involving companies and operations in the Middle East.
Clyde & Co’s team was based in Dubai and led by Corporate partners, Prarthna Chaddha and Abhi Jalan and supported by associates Stephen McKenna and Raeesa Chowdhury.