Hogan Lovells advises KHC on their acquisition of a stake in Careem
Hogan Lovells has advised Kingdom Holding Company (“KHC”) on their acquisition of a 7 per cent stake in Careem – a Dubai- based, chauffeur-driven car booking service.
KHC acquired their stake of Careem through a Secondary Share purchase, as well as participating in the latest Primary Round E-1 Capital Raise, amounting to a total transaction value of USD62M.
The transaction makes KHC one of the largest holders of Preferred Shares in Careem and will grant KHC a seat on Careem’s Board of Directors.
The Hogan Lovells team was led by Mark Mazo (partner, Washington D.C. / Paris) and Charles Fuller (partner, Dubai), with support from Sami Osman (associate, Dubai) and Merry Anderson (counsel, Washington, D.C.).