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Latham Advises Sary in Merger With ShopUp to Create SILQ
May 23, 2025
Firm advises the Saudi-Arabia B2B marketplace in the transaction.
Latham & Watkins has advised Sary, the leading B2B marketplace and services platform in the Gulf, on its merger with ShopUp, Bangladesh’s largest B2B commerce platform, to form SILQ Group. SILQ Group is backed by US$110 million in funding, including an equity investment and a financing facility for SILQ Financial, the group’s financial services arm.
This merger brings together Gulf and Emerging Asia, creating the largest B2B commerce platform to serve the fastest-growing consumer markets in the region, and across the globe.
Latham has advised Sary since its Series A funding round in 2020. The Latham team was led by Dubai partners Omar Maayeh and Eyad Latif, with associates Ahmed Alfreahat and Michael Hammond.