IBRAHIM .N. PARTNERS Honors Successful IPO of Investcorp Capital Plc, Marking a Milestone in UAE Capital Markets
Abu Dhabi, 17 November 2023 – IBRAHIM .N. PARTNERS proudly announces its leadership role in the Initial Public Offering (IPO) of Investcorp Capital Plc (“Company“), a distinguished provider of capital and capital financing services in the alternative investments space.
The IPO, spearheaded by IBRAHIM .N. PARTNERS, has achieved remarkable success, raising gross proceeds of approximately AED 1.66 billion (equivalent to USD 451 million). This accomplishment translates to an implied market capitalization for the Company of approximately AED 5.04 billion (equivalent to approximately USD 1.37 billion). Today marked a historic moment with the bell ringing ceremony, symbolizing the official listing of the Company on the Abu Dhabi Securities Exchange (ADX).
What sets this IPO apart is its innovative approach, incorporating a price stabilization mechanism for the first time in the history of UAE capital markets. This pioneering move reflects IBRAHIM .N. PARTNERS’ commitment to advancing and revolutionizing financial practices, contributing to the growth and stability of the region’s capital markets.
IBRAHIM .N. PARTNERS has solidified its position as the leading local law firm in UAE capital markets, showcasing unparalleled expertise and dedication. As the most active UAE local law firm in capital markets, IBRAHIM .N. PARTNERS continues to be at the forefront of legal innovation, consistently driving excellence in the field.
“We are delighted to have played a pivotal role in the success of Investcorp Capital Plc’s IPO, which marks a significant milestone in UAE capital markets. The inclusion of a price stabilization mechanism adds a new dimension to financial practices in the region, and we are proud to be at the forefront of such groundbreaking initiatives. This achievement reinforces our commitment to excellence and innovation in the legal landscape,” commented Ahmed Ibrahim, Managing Partner at IBRAHIM .N. PARTNERS.
The successful IPO of Investcorp Capital Plc is a testament to the strategic vision, diligence, and collaborative efforts of all parties involved, underwrites, financial advisor and legal counsels. IBRAHIM .N. PARTNERS looks forward to continued success in shaping the future of UAE capital markets through pioneering legal solutions and innovative practices.
About IBRAHIM .N. PARTNERS:
IBRAHIM & PARTNERS is an independent MENA-region law firm based in the ADGM, Abu Dhabi, led by our Managing Partner, Ahmed Ibrahim, and is comprised of a team of lawyers that are experts in advising on all aspects of UAE law. We advise both local and international companies on a full range of issues from contentious and non-contentious corporate and commercial matters, including major project work, establishing, and conducting business across the Emirates, joint ventures, mergers and acquisitions, equity capital market, legal due diligence/audit, employment matters, property, structuring, distributions and franchise arrangements.
WHAT IS NEW