The Firm advised a renowned businessman on the multi-million acquisition of an equity stake in the “Save-Our-Startups” Fund (SOS Fund) | Abou Jaoude & Associates
The Firm advised a renowned businessman on the multi-million acquisition of an equity stake in the “Save-Our-Startups” Fund (SOS Fund)
December 2021
The Firm advised a renowned businessman on the multi-million acquisition of an equity stake in the “Save-Our-Startups” Fund (SOS Fund) (the main component of the new USAID Lebanon Investment Initiative) which aims to invest in 13 pioneer tech start-ups operating out of Lebanon (including Toters, Cinemoz, Klangoo, and Designer 24), through a highly complex structure involving 4 distinct dual-currency financing rounds of “fresh” and “local” US Dollars among the participating investors, which include prominent investment funds such as Berytech, IM Ventures, Cedar Mundi, and MEVP.
The Firm advised on the acquisition by a renowned businessman of an equity stake in the pioneer start-up CGreen with a patented sludge treatment solution for the development of organic fertilizers in compliance the FAO guidelines and complex environmental regulations.
The Firm advised the Special Investigation Commission (SIC) at the Central Bank of Lebanon on a dual-court lawsuit involving highly complex currency conversion issues amidst Lebanon’s unprecedented financial and banking crisis.
