Latham advises EvolutionX on USD50 million investment in the GCC

Latham & Watkins has advised EvolutionX, the growth-stage private credit platform established by Temasek and DBS Bank, on its first investment in the Gulf Cooperation Council (GCC), leading a USD50 million growth capital round raised by Kitopi, the Middle East’s leading next generation food and beverage ecosystem.

The funding will increase the expansion of Kitopi’s leading homegrown brands across high-growth markets, including the UAE, Saudi Arabia, Qatar, Bahrain, and Kuwait, alongside further accelerating the company’s franchising plans in the region and beyond. The Latham team was led by Dubai corporate partner Omar Maayeh and finance partner Tom Cochran, with Dubai associates Mustafa Darwich and Francesca Seber.