AS&H Clifford Chance wins IFN 2023 Cross Border Deal of the Year

25 January 2024

AS&H Clifford Chance proudly announces its recent win of the IFN Cross Border Deal of the Year award. The recognition comes in light of the firm's exceptional role as lead counsel in advising the successful acquisition of a 35% equity stake in Gissah Perfumes Company (Gissah) by Jadwa Investment, executed through its Jadwa Retail Opportunities Fund.

Founded in 2018, Gissah is one of the fastest-growing fragrance companies in the GCC, offering luxury perfumes at affordable prices to consumers through various offline and online channels. Gissah unveiled its first set of products in a perfume exhibition in 2019 and today has 80 stores in 25 cities across Saudi Arabia, Kuwait, UAE, and Bahrain.

Our team was led by Majid Al-Sheikh, Head of Corporate, and Partner Daniel Royle, together with Senior Associate Aysh Chaudhry. Associate Lina Al-Moosa and other team members from the AS&H Clifford Chance Riyadh team supported alongside Kuwaiti counsel Luis Cunha and Nader Abdelaziz from ASAR - Al Ruwayeh & Partners. The sell-side was led by Alex Saleh and Yousef Al-Amly of GLA & Company.

Majid Al-Sheikh, Head of Corporate, stated "We are delighted to receive the IFN Cross Border Deal of the Year award for 2023. This is a testament to our team's dedication and expertise in navigating complex transactions. Our collaboration with Jadwa Investment on the acquisition of Gissah underscores our commitment to delivering excellence in cross-border deals. With increasing private equity investments in the pipeline, we look forward to continuing to support our clients in future transactions."