SOURCE: King & Spalding

January 09, 2008 10:36 ET

King & Spalding Advises United International Bank in Acquisition of Controlling Interest in Kosan Crisplant

DUBAI, UNITED ARAB EMIRATES and LONDON--(Marketwire - January 9, 2008) - King & Spalding, a leading international law firm, announced today that it has advised United International Bank B.S.C. (UIB) on the acquisition through UIB's newly formed subsidiary KC Lux S.a.r.l. of a controlling interest in Kosan Crisplant Holding A/S (Kosan). UIB acquired its interest in Kosan from Segulah II, L.P., a Swedish private equity firm. Denmark-based Kosan is a leading provider internationally of systems and solutions for filling and reconditioning of liquefied propane gas cylinders.

The King & Spalding legal team on the transaction consists of partners Mark Thompson, Benjamin Newland and Jawad Ali, and associates Marcus Young and Reza Dadbakhsh. Thompson, Young and Dadbakhsh are based in London; Newland and Ali in Dubai.

Headquartered in the Kingdom of Bahrain, United International Bank is an investment bank licensed and regulated by the Central Bank of Bahrain with an authorized share capital of US$ 2.5 billion and a paid-up capital of US$ 291 million. The bank started operations in the fourth quarter of 2006 and provides investment banking products and services in strict adherence to Islamic rules and principles.

"UIB has previously called on King & Spalding for advice on a series of matters in the Arabian Gulf region," Newland said. "This deal is significant as it represents UIB's first corporate acquisition in Europe, and we were very pleased to be a part of this expansion."

King & Spalding's private equity practice consists of more than 150 lawyers across the firm's nine offices in the United States, Europe and the Middle East. The practice is dedicated to understanding and achieving its clients' objectives using a practical, problem-solving approach and draws upon its lawyers' extensive experience in fund formation, mergers and acquisitions, leveraged finance, Islamic finance, securities offerings, tax and restructuring, as well as the firm's deep industry experience in areas such as energy and infrastructure, real estate, healthcare and life sciences, business services, technology, telecommunications and financial services.

About King & Spalding

King & Spalding is an international law firm with more than 800 lawyers in Atlanta, Charlotte, Dubai, Frankfurt, Houston, London, New York, Riyadh (affiliated office) and Washington, D.C. The firm represents half of the Fortune 100 and in a Corporate Counsel survey in September 2007 was among the top firms representing Fortune 250 companies. For additional information, visit www.kslaw.com.

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