TLA Represents Al Faris Equipment Rentals
The law firm of Tribonian Law Advisors (“TLA”) announced that it has represented Al Faris Equipment Rentals LLC (“Al Faris”), one of the largest crane, transport and temporary energy providers in the MENA region, in the sale of a portfolio of temporary energy and power solutions assets to Energia Model Trading & Contracting Company LLC (“Energia”), a turnkey rental solutions provider for power generation in the United Arab Emirates and the Kingdom of Saudi Arabia.
The energy division at Al Faris, known as Al Faris Energy Rentals, was established in 2007, providing turnkey rental solutions for power generation in the United Arab Emirates and expanding its presence to Saudi Arabia in 2011 as Energia Al Faris. Al Faris Energy Rentals has been powering United Arab Emirates and Saudi Arabia from its center of excellence in Jebel Ali, Dubai and Jubail, Saudi Arabia.
Carlo Pianese, partner at TLA, commented,“We are very proud to have acted as lead counsel to Al Faris in one of the largest temporary energy deals in the GCC. This transaction has certainly confirmed TLA position as one of the leading regional M&A players, expanding its strong track record in prominent industries in the region.”
The TLA team was led by the firm’s managing partner, Rindala Beydoun and partners Carlo Pianese and Emile Boulos, who were assisted by associates Maryline Kalaydjian and Shiladitya Majumdar. Guggenheim KBBO Partners acted as Al Faris’ financial adviser. Clyde & Co LLP acted as Energia’s legal counsel.