King & Spalding and its affiliated office in Riyadh, the Law Office of Mohammad Al-Ammar, advised NBK Capital on the successful exit of Jeddah-based Hanco, a leading fleet leasing and rental company in Saudi Arabia, in a deal valuing Hanco at USD140 million. The sale generated a return in excess of two times the initial investment for NBK Capital Equity Partners Fund I, an NBK Capital private equity fund focused on providing growth capital to companies in the Middle East and North Africa region.
“We are honored to have represented NBK Capital on this transaction,” said Jawad I. Ali, managing partner of King & Spalding’s Middle East offices. “We are always pleased to help our clients complete their deals successfully, and we value the trust our clients have in our legal skills and experience in handling their significant matters.”
The King & Spalding legal team representing NBK Capital on its exit from Hanco was led by Ali and partner Nabil Issa of the firm’s Dubai and affiliated Riyadh offices. Riyadh-based senior associates Sanjarbek Abdukhalilov and Dr. Sultan Al-Masoud, in addition to counsel Mohammad Al-Ammar, assisted with the matter.
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