SNR Denton Advises Saffar Holdings Limited on the Sale of Zawya to Thomson Reuters
DUBAI, July 4, 2012 - SNR Denton advised Saffar Holdings Limited (Saffar), the Middle East and North Africa (MENA) focussed financial services and investment group on the sale of Zawya Limited (Zawya), the leading MENA online business intelligence platform to Thomson Reuters, the worlds foremost provider of information for businesses and professionals.
With the sale to Thomson Reuters, Saffar’s investment in Zawya becomes one of the most successful internet and media investments in the MENA region. Since Saffar’s acquisition of a majority stake in the company, Zawya has grown from a start-up to become the leading MENA business information platform, reflecting Saffar’s ability to identify compelling regional investment opportunities. Saffar created sustainable value in the business by expanding the business model, forming strategic partnerships and institutionalising the corporate structure.
Zawya is today a globally recognised Middle Eastern brand due to the business’ comprehensive content, innovative products and regional analysis. Zawya enables over 750,000 unique visitors per month to find and connect with the best business and investment opportunities in the region.
“We are extremely pleased to have had this opportunity to work with Saffar on realising its investment in Zawya” said partner Iain Black.
SNR Denton’s team included corporate partner Iain Black, TMT partner Joby Beretta, senior associate Catherine Beckett, lawyer Anna Terrizzi and trainee Katherine Nixon, all located in SNR Denton’s Dubai office.
About SNR Denton
SNR Denton is a client-focused international legal practice delivering quality and value. We serve clients in key business and financial centers from more than 60 locations worldwide, through offices, associate firms and special alliances across the US, the UK, Europe, the Middle East, Russia and the CIS, Asia Pacific and Africa, making us a top 25 legal services provider by lawyers and professionals. Joining the complementary top tier practices of its founding firms—Sonnenschein Nath & Rosenthal LLP and Denton Wilde Sapte LLP—SNR Denton offers business, government and institutional clients premier service and a disciplined focus to meet evolving needs in eight key industry sectors: Energy, Transport and Infrastructure; Financial Institutions and Funds; Government; Health and Life Sciences; Insurance; Manufacturing; Real Estate, Retail and Hotels; and Technology, Media and Telecommunications. Please see http://www.snrdenton.com/ for more information and Legal Notices.