Hogan Lovells acts on major F&B deal

The firm has advised on the sale of Multibrands, one of the largest food and beverage distributors in the Middle East.

Multibrands Trading Company has been acquired by Gulf Capital, a major alternative investment firm. Hogan Lovells' Middle East team represented the sellers, Kuwait-based Sadita Holding Company, working with NBK Capital as financial advisers to Sadita.

With an annual turnover of USD100 million, Multibrands is one of the leading food and beverage distributors in Saudi Arabia. It distributes more than 50 brands across five main product categories, through retail chains, hotels, cafes, bakeries and restaurants.

Hogan Lovells' team was led by Dubai-based corporate partner Imtiaz Shah, with support from Blake Harley (senior associate, Dubai) and Irfan Butt (counsel, Jeddah).