Christian Adams

Christian's experience includes representing:

Financing

• SACE and HSBC Bank on a first-of-its-kind SACE guaranteed financing with an Islamic finance structure (Commodity Murabaha) in favor of the IFFCO Group, an international food & beverage group headquartered in the United Arab Emirates, as part of SACE’s Push Program
• The mandated lead arrangers in relation to a US$200 million revolving credit facility for FIVE Holdings (BVI) Limited in conjunction with its debut bond offering 
• The financiers with respect to the refinancing of existing indebtedness of Merex Investment Group LLC, a joint venture between Dubai Holding and Brookfield Asset Management, comprising conventional and Islamic facilities 
• Brookfield Private Capital in connection with the financing of its acquisition of a majority stake in Magnati – a payments business owned by First Abu Dhabi Bank  
• Closing of a receivables warehouse facility of up to US$150 million for Tamara, the leading shopping and payments platform in the GCC region, from Goldman Sachs 
• Dubai Holding in connection with AED7.6 billion pre-IPO financing of the TECOM Group and the financing and acquisition of marquee real estate and hospitality assets located in Europe 
• Axian Telecom, a leading pan-African telecommunications services provider, on a US$42 million revolving credit facility (RCF) 
• TECOM Group in connection with AED7 billion conventional and Islamic term loan facilities to fund multiple real estate development projects*
• Meraas Group in connection with AED4.75 billion conventional and Islamic term loan facilities to fund multiple real estate development projects*
• Meraas Holding in connection with AED2.4 billion conventional and Islamic acquisition facilities made available to Merex Investments to fund the acquisition of assets into its joint venture with Brookfield Asset Management*
• Emirates International Telecommunications in connection with AED2.5 billion conventional and Islamic term loan facilities to refinance existing financial indebtedness and provide new working capital facilities*
• Dubai Holding and Marsa Al Arab LLC in connection with the US$350 million financing of the Marsa Al Arab hospitality development in Dubai*
• Dubai Properties Group in connection with AED2.5 billion trade credit and receivables discounting facilities*
• The borrower in connection with loan facilities made available to finance the redevelopment of Jumeirah Carlton Tower, Knightsbridge, London*
• The sponsor in connection with loan facilities relating to the Dubai Harbour master project*
• The lenders to Alabbar Enterprises in connection with the financing of the US$2.4 billion acquisition of Kuwait Food Company (Al Americana)
• Credit Suisse as the arranger of a US$500 million European Term Loan B financing for Taghleef Industries
• Skai Holdings in connection with US$300 million term loan and ijara facilities to finance the development of The Viceroy Hotel on Palm Jumeirah, Dubai (recognized as Middle East Structured Finance Deal of the Year by EMEA Finance 2015)
• HSBC and JPMorgan in connection with a SAR750 million / US$360 million dual-currency term loan facility made available to Almarai Company
• JPMorgan and Bank Muscat in connection with a series of financings for Electricity Holding Company (Oman) and its subsidiaries, with a total aggregate value of approximately US$1,65 billion (recognized as Middle East Loans Deal of the Year by The Banker 2016)
• JPMorgan in connection with a US$200 million acquisition facility made available to Abraaj Capital in connection with the acquisition of Network International
• The lenders to Qatar Telecom in connection with US$960 million credit facilities
• Etisalat in connection with a €3.15 billion multicurrency term loan facility to finance Etisalat’s acquisition of a controlling stake in Maroc Telecom
• Etisalat in connection with a US$13 billion dollar acquisition finance facility
• Credit Suisse in connection with the US$10 billion investment by Qatar Holding in Credit Suisse

Restructuring

• Emirates REIT in connection with the restructuring of its existing debt facilities and the execution of new loan facilities — Emirates REIT is the largest Islamic REIT in the UAE and the first REIT to be listed in the GCC 
• Dubai Holding in connection with the restructurings of Dubai International Capital and Dubai Holding Investments Group*
• The shareholder in connection with the organizational and financial restructuring of the Meraas Group and integration into the Dubai Holding Group*
• The sponsor and majority shareholder in connection with the financial restructuring and subsequent public to private acquisition of DXB Entertainments PJSC — a first-of-its-kind transaction that used the mandatory acquisition provisions of the UAE Securities and Commodities Authority’s Takeover Code*
• The majority shareholder in connection with restructuring of AED1.2 billion term loan facilities made available to finance the Marsa Al Seef development*
• The Government of Dubai in connection with the establishment and capitalization of the Dubai Financial Support Fund
• The Dubai Financial Support Fund and the Government of Dubai in connection with the financial restructuring of Dubai World and its subsidiaries (recognized as Restructuring Deal of the Year by Acquisitions Monthly, Deal of the Year 2011 by The Banker, and Turnaround of the Year for deals with a value greater than US$5 billion by Global M&A Network

Corporate/M&A Matters

• Emirates REIT in connection with the issuance of US$205 million secured trust certificates due 2028 issued by Emirates REIT Sukuk Limited
• Meraas Holding in connection with AED5 billion joint venture partnership with Brookfield Asset Management*
• Dubai Holding in connection with acquisition of a material stake in Azadea Group*
• Dubai Holding in connection with the acquisition and subsequent redevelopment of a marquee real estate asset in Paris with a total transaction value of c. €1 billion
• Dubai Holding in connection with its investments in Dubai Mercantile Exchange and Emirates REIT*
• Dubizzle.com, a classifieds website across the Middle East, from inception through multiple rounds of equity investment and subsequent sale to a global strategic investor

*Matter handled prior to rejoining Latham