Clifford Chance Advised Ascentium On Acquisition Of Virtuzone
Clifford Chance Advised Ascentium On Acquisition Of Virtuzone
Clifford Chance has advised Ascentium, a prominent global business services platform headquartered in Singapore, on its acquisition of Virtuzone, a UAE-based award-winning provider of company formation solutions, corporate services, and tax consultancy.
This strategic acquisition marks Ascentium’s entry into the dynamic Middle East markets, positioning the company to establish a strong presence in the United Arab Emirates (UAE) and expand its reach across the Gulf Cooperation Council (GCC) region.
Deniz Tas, Partner at Clifford Chance and transaction lead, commented: "We are grateful to the Ascentium team for entrusting our cross-practice, cross-border team of specialists to support them on their entry into the Middle East market with this strategically important transaction."
The cross-border team was led by Deniz Tas (Partner, Corporate, UAE) and Senior Associate Jordan Knowles (Corporate, UAE), with support from Partners Tariq Imam (Real Estate, UAE) and Edward Page (Tax, London).
The core transaction team included Senior Associates Mhairi Cruickshank and Massimiliano Valli, and Associate Sami Rahim from the Corporate team in UAE, along with Senior Associate Sher Khan and Associate Maya Al Qazaz (Real Estate, UAE), Counsel Tess Forge and Associate Erica Hackett (Compliance, Singapore), and Associate Archie Zverev (Tax, London).
