Participation of Abraaj Group into SAH ‘Lilas’

Kammoun & Kallel led the transaction advice of Madame Jalila Mezni for the indirect sale of a stake in Société des Articles Hygiéniques (SAH), the leading producer and distributor of personal and household care products under the trademark Lilas to Abraaj Group (Emirates Fund). This new joint venture aims at the contribution to the growing development of the SAH and its expansion in the African markets.
This M&A transaction exceeds the amount of 130 000 000 Tunisian Dinars, the biggest M&A transaction in the Tunisian market.

The Firm has been strongly involved within:

– The structuring of the transaction taking into account foreign investment and control exchange legal requirements,
– Drafting and assistance to the negotiation of the shares purchase agreement and the shareholders agreement,
– Clearances and approvals from the Financial Market Council and the Tunisian Central Bank in respect of the stock market and control exchange issues.