White & Case advises SNB Capital on acquisition of share capital in Tamara

Press Release
1 min read

Global law firm White & Case LLP has advised leading Saudi asset management firm SNB Capital (SNBC) on a primary and secondary equity subscription in Tamara, a leading buy-now-pay-later business.

"The acquisition by SNBC allows Tamara to access the capital required to fulfil its ambitious growth plans," said White & Case partner Debashis Dey, who co-led the Firm's deal team. "It also demonstrates the potential for further expansion of the buy-now-pay-later sector in the region."

SNBC has acted through SNB Capital Fintech Fund L.P. SNBC co-led the approximately US$340 million (SAR 1.3 billion) Series C investment round with Sanabil Investments.

White & Case counsel Raheel Butt, who co-led the Firm’s deal team, said: "The success of this transaction demonstrates our stellar capabilities to advise Saudi financial institutions and funds on regulatory and transactional matters involving investments across a range of asset classes."

The White & Case team which advised on the transaction included partners Sonia Abdul-Rahman (Dubai), Debashis Dey (Dubai & London) and Tamer Nagy (Washington, DC & Cairo), counsel Raheel Butt (Dubai & Riyadh) and associates Ola Sanni, Salvia Matonyte and Ahmad Bin Dalmook (all Dubai).

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