IslamicFinance.de

Dentons has revealed that it acted as legal counsel advising on the Islamic financing of the proposed $270 million acquisition of Byrne Group by Itqan Investments. Byrne is an equipment rental company servicing the construction, industrial, oil and gas industries in the GCC. Through the recently completed transaction, Itqan Investments purchased the entire share capital of Byrne Equipment Rental and its subsidiaries. The organisation hopes to enhance Byrne’s ambition to launch into the Asian market. The Dentons team was led by partner and head of Islamic Finance in the Middle East Qasim Aslam, with support from senior associates Atif Choudhary and Jane Flournoy.