Firm acts for ‘Sultan Delight Burger’, as a Private Equity Fund acquires a stake

Mohammed AlDhabaan & Partners in association with Eversheds Sutherland (International) LLP acted as legal advisor to the sellers, on a deal which saw MEFIC Capital successfully invest in Ghatha’a Al Sultan For Fast Foods Company (“the Company”).

The Company is a Quick Service Restaurant chain, operating under the brand name “Sultan Delight Burger”. It has 22 restaurants in the Western & Southern Province of the Kingdom (including Jeddah, Mekkah, Rabigh and Jazan) and the restaurants are known for selling tasty and affordable burgers.

MEFIC Capital, the fund manager of MEFIC Private Equity Food & Beverage Opportunities Fund (the “Fund”), acquired a substantial minority stake in the Company, with the founders retaining control and management of the business.

Aref Musbahi, founding shareholder and CEO of Sultan Burger, stated, “Our partnership with MEFIC Capital marks a key milestone in the success story of Sultan Burger. We are confident that with the support of a prominent financial institution like MEFIC Capital, we are well positioned to take the Company into the next stage of its development and accelerate its expansion with the objective of doubling the size of the business over the next 2 years.”

Fahad AlDehais commented, “Sultan Burger and MEFIC Capital really complement each other and it was a pleasure to work on this deal. We are very pleased to have a been a part of this deal.”

Mohammed AlDhabaan & Partners in association with Eversheds Sutherland’s team included: Fahad AlDehais, managing partner; Anmar Al Gharifi, principal associate; Ashraf Al Faraj, associate and Faisal AlZamil, trainee.