BonelliErede with TLA represented the Sole Shareholder of Eton Institute in the Sale of 100% Share Capital to a Leading Private Equity FirmAugust 2018
Dubai, United Arab Emirates - August 2018 – The regional law firm of BonelliErede Middle East LLP (“BonelliErede with TLA”) announces that it has represented the sole shareholder of Eton Institute FZ-LLC (“Eton Institute”) in the successful closing of the sale of 100 per cent of his share capital in Eton Institute to a leading regional private equity firm for an undisclosed amount.
BonelliErede with TLA acted as the seller’s legal advisor, Awad Capital acted as financial advisor to Eton Institute’s shareholder while Baitulhikma Lawyers acted as the buyer’s counsel.
“Executing 100 per cent founder exits is one of the most challenging exercises for an investment bank and we were pleased to deliver this result for our client despite the market conditions. We wish the company ongoing success under the stewardship of its new owners who are best positioned to take it to the next level in terms of growth and profile,” said Ziad Awad, CEO of Awad Capital.
Rindala Beydoun, managing partner of BonelliErede with TLA commented: “We are very delighted to have advised on this significant transaction. The deal highlighted our team's strengths in M&A transactions, particularly in the education sector."
The team was led by the firm’s managing partner Rindala Beydoun and local partners Carlo Pianese and Emile Boulos who were assisted by associates Celine Bsaibes and Maryline Kalaydjian.
About Eton Institute
Eton Institute was founded in 2002 and has rapidly grown to become one of the UAE’s leading language institutes, offering courses and content for over 160 languages online and out of its locations in Dubai and Abu Dhabi. The sale will allow the company to maintain its growth trajectory and scale its operations further across the UAE and in the region.
About BonelliErede with TLA
BonelliErede is a market leader for legal services, covering all areas of business and corporate criminal law. Thanks to its offices in Europe, Africa and the Middle East and to the partnerships with independent law firms around the world, BonelliErede is a true international player.
Effective as of 1 July 2018, its presence in Dubai boasts the integration of Tribonian Law Advisors (TLA), a new generation boutique law firm that has been providing clients expert legal advice in M&A, corporate finance and corporate and commercial law throughout the Middle East through its offices in the United Arab Emirates, Saudi Arabia and Lebanon. TLA is ranked by Chambers and Partners, IFLR 1000 and The Legal 500. TLA won the regional law firm of the year (small practice) award at the 2018 Middle East Legal Awards hosted by Legal Week. It also won the Rising Star Law Firm of the Year award at the 2016 IFLR Middle East Awards.