White & Case advised A15 Holding Netherlands B.V. on the deal.
A15 Holding Netherlands B.V. (A15) executed its sale of 86 percent of its shares in Connect Ads DMCC (Connect Ads), a leading MENA provider of digital advertising, to the Aleph Internet Media Services LLC (Aleph) group.
The completion of the transaction remains subject to certain closing conditions.
Aleph is a global digital communications and marketing business which is a partner to many of the world’s largest media players. A15 will receive both cash and shares in IMS Internet Media Services Inc., an Aleph group company.
Started in 2001, Connect Ads has helped technology companies like Facebook, Twitter, TikTok, LinkedIn, and many others kickstart and develop their digital advertising business in the Middle East & North Africa.
A15 is an entrepreneurial company that creates digital products and technology brands.
The White & Case team which advised on the transaction was led by was led by partners Marcus Booth (Picture; Dubai), Jonathan Langley (Moscow) and Said Hanafi (Cairo), and included counsel Stefan Mrozinski (Dubai) and associates Mahmoud Ezz, Farah Atef (both Cairo), Mohammed Basama (Doha) and Salewudin Ibrahim (Dubai). Other lawyers from the White & Case offices in London, Miami, Washington, DC and Istanbul also advised on the transaction.
Involved fees earner: Farah Atef – White & Case; Mohammed Basama – White & Case; Marcus Booth – White & Case; Mahmoud Ezz – White & Case; Said Hanafi – White & Case; Salewudin Ibrahim – White & Case; Jonathan Langley – White & Case; Stefan Mrozinski – White & Case;
Law Firms: White & Case;