Global law firm Clyde & Co has advised Mindware FZ LLC on the purchase of 100% of the shares in the capital of Arrow ECS FZCO.
Headquartered in Dubai Internet City, Mindware is a subsidiary of Midis Group, the digital transformation leaders in the region. Focused on emerging markets, Midis Group oversees a portfolio of 150 leading and cutting edge IT companies across three continents. Arrow ECS, a software distribution company registered in Dubai Silicon Oasis, is part of Arrow Electronics, a US-listed American Fortune 500 company.
Clyde & Co acted as lead counsel to the buyer on all aspects of the acquisition, including drafting and negotiating a share purchase agreement and other related transaction documents.
Naji Hawayek, corporate partner at Clyde & Co in Dubai, comments: "This transaction underscores the shifting landscape we are witnessing in the UAE, with a growing appetite for investment opportunities in the IT and technology sector. We very much enjoyed working with the Midis team on this transaction and look forward to assisting Midis Group in its growth plans going forward."
Philippe Jarre, CEO of Mindware says: "This acquisition reinforces our strategy to support the digital transformation of the regional IT industry and the high demand for Storage, Cloud, and Security solutions. Moreover, it significantly strengthens our position in this rapidly growing segment. We are delighted to welcome the Arrow team to Mindware."
The Clyde & Co team which advised on the transaction was led by Naji Hawayek with the support of James Marriner (Associate - Corporate).
Clyde & Co has forged a reputation as a go-to firm for M&A and JV transactions, with the largest corporate practice in the Middle East with 25 partners and over 70 experienced lawyers. Clyde & Co has assisted clients in realising their investments, gaining access to new markets through organic growth/strategic acquisitions and in achieving their corporate objectives for 30 years in its key focus sectors.
Clyde & Co has the largest presence and is one of most experienced international law firms in the Middle East with over 40 partners and 400 staff, based full time in Abu Dhabi and Dubai in the UAE, Doha in Qatar, Muscat* in Oman and Riyadh in Saudi Arabia, providing a full-service commercial offering of local specialists in commercial, corporate, dispute resolution, employment, intellectual property, international arbitration, finance & banking, insurance, projects & construction, real estate, regulatory & investigations, and technology.
*Office of Fatma Al Mamari Advocacy and Legal Consultancy Firm, in association with Clyde & Co.