Meysan advises Universe Group United Holding Company KSCC on the divestiture of its majority share in Universe Education Company KSCC.

Meysan is delighted to announce its role as the sole legal advisor to Universe Group United Holding Company KSCC in the pivotal divestiture of its majority share in Universe Education Company KSCC. Universe Education Company KSCC is the prestigious owner and operator of Dasman Bilingual School, a leading educational institution in Kuwait. This significant transaction involves the transfer of ownership to Cognita, a globally recognized group of international private schools.

Meysan undertook an extensive range of duties in this transaction, encompassing the structuring of the deal, along with the drafting and negotiation of all transaction documents. The firm was instrumental in ensuring that Universe Group met all necessary conditions precedent and took the required steps before the completion of the deal, leading to the successful finalization of the transaction.

In navigating the complex regulatory landscape, Meysan, together with Cognita’s counsel, facilitated the required approvals from relevant authorities, including the Competition Protection Agency (CPA). This process ensured compliance with all regulatory requirements, paving the way for the seamless progression of the transaction. The closing of the transaction marked the successful transition of ownership from Universe Group to Cognita, leading to a smooth and efficient closing process.

The Meysan team was led by partner Tarek Yehya with support from counsel Lama Abou Ali, senior associate Hassan Elsayed, and senior associate Samar Jrade.