Clifford Chance advises Ascentium on the acquisition of Virtuzone

Clifford Chance has advised Ascentium on the acquisition of Virtuzone, the UAE’s award-winning provider of company formation solutions, corporate services, and tax consultancy.

Ascentium’s strategic acquisition of Virtuzone signifies its entry into the dynamic Middle East markets, which positions Ascentium to establish a robust foothold in the United Arab Emirates (UAE) and extend the potential reach across the Gulf Cooperation Council (GCC) region.

Transaction lead, Clifford Chance partner, Deniz Tas commented, “We are grateful to the Ascentium team for entrusting our cross-practice, cross-border team of specialists to support them on their entry into the Middle East market with this strategically important transaction”.

The cross-border team was led by partner Deniz Tas (Corporate, UAE) and senior associate Jordan Knowles (Corporate, UAE), with support from partners Tariq Imam (Real Estate, UAE) and Edward Page (Tax, London).

The core transaction team consisted of senior associates Mhairi Cruickshank and Massimiliano Valli, and associate Sami Rahim from our Corporate team in UAE. As well as senior associate Sher Khan and associate Maya Al Qazaz (Real Estate, UAE), counsel Tess Forge and associate Erica Hackett (Compliance, Singapore), and associate Archie Zverev (Tax, London).