QATAR – Hogan Lovells advises Qatar’s QInvest

HOGAN Lovells advised longstanding client QInvest on the acquisition by way of joint venture of a 60 per cent stake in the investment banking, asset management and brokerage business of EFG Hermes. This is one of the Middle East’s largest M&A deals this year.

 

Subject to regulatory approval in several jurisdictions and EFG Hermes shareholder approval, QInvest, Qatar’s largest investment bank, will take 60% ownership in a joint venture with EFG Hermes, the leading investment bank in the Arab world with operations throughout the Middle East, by way of a $250 million capital injection.

 

The joint venture has the aim of creating a leading investment bank with operations in the Arab world and beyond, comprehensively covering the Middle East, Africa, Turkey and South and South East Asia.