Stephenson Harwood Advised Kaya on the Divestment of Its Middle East Businesses
Law firm Stephenson Harwood LLP has advised Kaya Limited ('Kaya'), an Indian multinational skincare, haircare, and
By: : Sara Ali
Update: 2024-07-17 03:30 GMT
Stephenson Harwood Advised Kaya on the Divestment of Its Middle East Businesses
Law firm Stephenson Harwood LLP has advised Kaya Limited ('Kaya'), an Indian multinational skincare, haircare, and bodycare treatment provider, on the divestment of its Middle East businesses to Humania GCC Holding Limited.
Founded in 2003, Kaya is a publicly listed company with extensive operations in India and is the largest international chain of skincare clinics in the Middle East with a presence across the United Arab Emirates, Kingdom of Saudi Arabia, and the Sultanate of Oman, spread across nine cities throughout the region.
The sale of its Middle East businesses—Kaya Middle East DMCC and Kaya Middle East FZE—to Humania GCC Holding Limited, an investment platform focused on healthcare opportunities in the Middle East and emerging markets, is expected to create new growth opportunities for these entities in the region.
The Stephenson Harwood team advised on all aspects of the transaction including the drafting and negotiation of the transaction documents.
"I am pleased that the team and I were able to assist Kaya on such a strategic mandate closely aligned to their business objectives," said Dubai-based corporate and commercial Partner Diwakar Agarwal. "The transaction was a complex cross-border M&A matter, which demonstrates the firm's ability to act as international counsel across multiple jurisdictions within the MENA market, as well as successfully leveraging our in-depth life sciences and healthcare industry knowledge."
The Stephenson Harwood team advising on the transaction was led by Partner Diwakar Agarwal, who was supported by Managing Associate Philippa English, Associate Hajer El Moumni and Paralegal Jeevni Sharma.