Contact Information: Contact: Matt Hyams King & Spalding Ph. 212-827-4057
King & Spalding Advises Eastgate Capital Group on Indian Investment
| Source: King & Spalding
DUBAI, UNITED ARAB EMIRATES--(Marketwire - July 17, 2008) - King & Spalding, a leading
international law firm, advised Eastgate Capital Group in its acquisition
of a significant minority interest in Avendus Capital Private Limited, a
financial services company in India. The purchase price was not disclosed.
Eastgate, based in Dubai, is one of the largest private equity firms in the
Middle East. It was established in 2006 as the private equity arm of NCB
Capital, the investment banking, asset management and brokerage subsidiary
of the National Commercial Bank of Saudi Arabia. Eastgate has US$ 800
million of commitments under management.
King & Spalding attorneys on the transaction were partner Benjamin Newland
and associates Tamam Barhoush and James Stull, all resident in the firm's
Dubai office.
About King & Spalding
King & Spalding is an international law firm with more than 800 lawyers in
Abu Dhabi, Atlanta, Austin, Charlotte, Dubai, Frankfurt, Houston, London,
New York, Riyadh (affiliated office), San Francisco, Silicon Valley 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.