DLA Piper advised Zain Group on acquisition of e-sports and cloud services venture BIOS ME
The deal was worth USD45 million
DLA Piper Middle East has advised ZainTech, the one-stop digital and ICT solutions powerhouse of the Zain Group, on entering into an agreement for the complete acquisition of BIOS Middle East, a regionally-managed secure cloud provider with a presence in the United Arab Emirates, Saudi Arabia, and Oman.
The acquisition will result in full migration and integration of BIOS ME’s operations within ZainTech over the next 12-18 months.
The law firm has further advised Zain Group on its recent joint venture with gaming start-up PLAYHERA. The joint venture, PLAYHERA MENA, is a Saudi Arabia-based next-generation gaming tournament platform. It will target the region’s gaming market and help diversify Saudi Arabia’s economy as part of its Vision 2030.
The DLA Piper team was led by Will Seivewright (partner and head of corporate, Middle East) and supported by Nassar Nassar (corporate associate, Dubai).