ASAR acts as sole legal counsel for Unicorn Investment Bank (UIB) acquisition of controlling stake in Bahrain Maintenance and Diving Services, WLL (BMDS)
ASAR has acted as sole legal counsel to UIB’s Unicorn Private Equity Fund, acting through its Regional Energy Services Holding Company, in their strategic acquisition of a seventy percent stake in BMDS, a Bahrain limited liability company. BMDS, established in 1976 and named Best Contractor of the Year in 2006 by Gulf Petrochemical Industries Company, supports the oil and gas industry in the Gulf region by providing commercial diving, rigging, marine construction and fabrication service. ASAR prepared all documentation related to the transaction, as well as conducted the legal due diligence and completed all Ministerial requirements to effect the transfer. Ernst and Young conducted the financial due diligence in the deal.