Theta Bidco Ltd (a newly incorporated company owned by joint offerors IHC Industrial Holding LLC and Tasheel Holding Group LLC) acquires Arena Events Group Plc

London - Paul Hastings LLP, a leading global law firm, advised Theta Bidco Limited (a newly incorporated company owned by joint offerors IHC Industrial Holding LLC (“IHC”) and Tasheel Holding Group LLC (“Tasheel”)) on its acquisition of Arena Events Group plc (“Arena”), a leading turnkey events solutions provider, by way of court-sanctioned scheme of arrangement which became effective on 23 February 2022 (the “Acquisition”).

The Paul Hastings team was led by M&A partner Matthew Poxon and senior M&A associate David Prowse, along with competition partner Pierre Kirch, tax partner Jiten Tank and employment partner Suzanne Horne.

Specialist FDI advice was provided by Chris Worrall at Burges Salmon LLP and anti-trust advice was provided by Rakesh Bassi at Hammad & Al-Mehdar. Tasheel was advised by James Fletcher and Nick Lever at Ashurst LLP and Arena was advised by Alasdair Weir at Pinsent Masons LLP.

IHC is a wholly-owned subsidiary of International Holding Company (ADX:IHC), an Abu Dhabi-based publicly-listed holding company comprising in excess of 180 entities, with international operating segments and acquisitions in nine primary business areas: real estate, healthcare, food & beverage and distribution, utilities, industries, IT and communications, retail & leisure, and capital.

Tasheel is a Saudi Arabian-based holding company, founded in 2005. Its subsidiaries provide outsourcing services to government ministries and departments and to large enterprises and private companies. 

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