Clifford Chance

Clifford Chance advises the Joint Global Coordinators on Taaleem's US$204 million IPO and listing on the DFM

Leading international law firm Clifford Chance has advised Emirates NBD and EFG Hermes (as Joint Global Coordinators) in connection with Taaleem Holdings' initial public offering (IPO) and listing on the Dubai Financial Market (DFM).

The offering saw significant demand from local and international institutional and retail investors, drawing US$3.7 billion in investor orders, resulting in the IPO being oversubscribed multiple times and making it the largest and only dedicated education provider on DFM at the time of listing.

Taaleem is one of the largest premium kindergarten to secondary school education providers in the UAE, with a portfolio of 26 schools offering British and American curriculums as well as the International Baccalaureate to more than 27,000 pupils.

The Clifford Chance team was jointly led by Dubai-based partner and head of the Middle East equity capital markets practice, Mike Taylor, and London-based US securities partner John Connolly, who were supported by partner Christopher Roe (London), senior associates Rezwan Azam (Dubai) and Drew Rundus (London), and associates Massimiliano Valli (Dubai) and Kelly Frevele (London).