Emerging Markets Property Group’s Merger With OLX Group

CMS has advised Emerging Markets Property Group on the deal.

Emerging Markets Property Group (EMPG), a leading property portal group in emerging markets, merged with OLX Group in Pakistan, Egypt, Lebanon and the UAE. The agreement includes a US $150 million dollar investment round, led by OLX Group along with existing EMPG shareholders, which values EMPG at US $1 billion after the transaction.

As part of the deal, OLX Group will contribute its operations in the four countries into EMPG and will become EMPG’s largest single shareholder, owning 39% of the company.

The international CMS team was headed by Mohammed Majid (Picture) from CMS Dubai. The CMS Amsterdam team, who advised on the Dutch aspects of the transaction, comprised of Roman Tarlavski and Marcellina Rietvelt.

Involved fees earner: Mohammed Majid – CMS Cameron McKenna Nabarro Olswang LLP; Marcellina Rietvelt – CMS Derks Star Busmann; Roman Tarlavski – CMS Derks Star Busmann;

Law Firms: CMS Cameron McKenna Nabarro Olswang LLP; CMS Derks Star Busmann;

Clients: Emerging Markets Property Group;

Author: Michael Patrini.