Macky O'Sullivan

Senior Associate Corporate, Finance and Investments

Dubai: +971 4 377 9982 [email protected]

Macky O’Sullivan is a Senior Associate in our Private Funds and Capital Markets practices. Macky has represented and advised clients on a broad range of investment funds and venture capital matters, including capital raising transactions, seed rounds and corporate venture financings, as well as the formation of and investment in conventional and Shari’ah-compliant investment funds. Macky also regularly advises clients on the establishment of asset management and advisory businesses, as well as the formation of carried interest plans and management arrangements among fund principals.

Prior to joining King & Spalding, Macky worked in the corporate department of a magic circle law firm and has spent a period on secondment with Stock Exchange listed fund Man Group plc advising on corporate and investment fund matters. Macky also worked in the UK House of Lords for Rt. Hon Baroness Scotland of Asthal QC (Commonwealth Secretary-General and former UK Attorney General) where he gained experience advising on UK-Africa trade relations and foreign direct investment issues.

Macky has been recognized by Legal 500 as a “Rising Star who has developed a particularly strong practice in Africa-focused funds”, Euromoney's 2021 Rising Stars Expert Guide as a Rising Star and by Who's Who Legal as a leading private funds practitioner (2018, 2019 and 2020 and 2021). Macky was the recipient of the Rising Star in Professional Services Award at the Black British Business Awards 2019. He also recently received the Rising Star - Lawyer of the Year Award at the IFLR Middle East Awards 2020 and the Rising Star Award at The Middle East Legal Awards 2020. Macky was recognised by Yahoo Finance and EMpower as a Future Leader on the annual Future Leaders list (2021).

Matters

Investment Funds and Asset Management

Represented McKinley Capital Management LLC, on the launch of a US$ 8 billion fund investing in listed companies in the MEASA region, with the State of Alaska as the anchor investor.

Represented Mumtalakat on its US$ 2 billion co-investment program with the Russian Direct 1 www.kslaw.com 1 Investment Fund (RDIF).

Represented Islamic Corporation for the Development of the Private Sector (ICD) and Infrastructure Leasing & Group on the establishment of a US$ 1 billion Shari’ah compliant Africa infrastructure financing fund.

Represented International Islamic Trade Finance Corporation (ITFC) on the launch of the first ever Islamic finance compatible sovereign energy fund.

Represented ICD on the establishment of a US$ 300 million fund to invest in banks and financial institutions in Islamic Development Bank (IDB) member countries.

Represented a Mauritius based asset manager on the launch of an investment fund focused on lending to small and medium sized-enterprises in Africa.

Represented Dalma Capital on the launch of Quencia Saudi Equity, the first investment fund established and regulated in the Dubai International Financial Centre (DIFC) to be permitted to directly own and trade equities listed on the Saudi Stock Exchange (Tadawul).

Represented on the establishment of a long-only MENA investment fund.

Represented Gulf Finance House (GFH) on a series of investment funds focussing on investment into US real estate portfolios.

Represented SEDCO Capital and Wasatah Capital on the establishment of listed Saudi Arabian REITs, SEDCO Capital REIT Fund and Wasatah REIT, respectively, both of which were approved by the Saudi Arabian Capital Market Authority (CMA).

Corporate, Mergers & Acquisitions and Venture Capital

Represented Aviva on its GBP 5.6 billion acquisition of Friends Life.

Represented HSBC Private Equity Middle East Limited on the management buy-out of a 80.1% stake in HSBC Private Equity Middle East Limited.

Represented OCI NV on its US$ 9 billion public takeover offer for Egypt based Orascom Construction Industries SAE and simultaneous admission to listing and trading on NYSE Euronext Amsterdam.

Represented Emirates Group subsidiary dnata on the sale of a majority stake in Mercator to Warburg Pincus.

Represented Man Group plc on its GBP 220 million outsourcing arrangement with Citibank for a range of fund services for Man Group’s global network.

Represented Delivery Hero on its US$ 220 million acquisition of the Talabat on-line food ordering business including reorganization of the business in the GCC.

Represented Mohammed Bin Rashid Fund for SMEs (MBRF) and Riyad TAQNIA Fund (RTF) on their investment in Beehive Group Limited, the UAE's first online marketplace for peer to peer lending.

Represented Riyad TAQNIA Fund (RTF), on its investment in Souqalmal Holdings Limited a leading comparison site in the Middle East

2 www.kslaw.com 2 Recognition Rising Star

EUROMONEY'S 2021 RISING STARS EXPERT GUIDE

"Responsive, attentive and proactive; understands our needs and what our expectations are".

LEGAL 500 EMEA 2021

"Macky O’Sullivan has a unique skillset on Africa investing, making him a formidable advisor".

LEGAL 500 EMEA 2021

"Macky O’Sullivan is committed and knowledgeable".

LEGAL 500 EMEA 2021

Rising Star

THE MIDDLE EAST LEGAL AWARDS 2020

Rising Star – Lawyer of the Year

IFLR MIDDLE EAST AWARDS 2020

Rising Star

BLACK BRITISH BUSINESS AWARDS 2019

Recognised as a "Rising Star" and "has developed a particularly strong practice in Africa-focused funds".

LEGAL 500: INVESTMENT FUND FORMATION AND MANAGEMENT 2020

Ranked as a leading lawyer

WHO’S WHO LEGAL 2018, 2019 AND 2020

Insights THOUGHT LEADERSHIP September 20, 2021 Podcast - VC Sandbox, Episode 6: Paymob: Digital Payment Solutions and Egypt’s Transition to a Cashless Society

June 11, 2021 Podcast - VC Sandbox, Episode 5: Beehive: Closing the Gap for SME Finance

May 21, 2021

3 www.kslaw.com 3 Podcast - VC Sandbox, Episode 4: Clean-Tech -- Turning Footsteps into Energy and Data

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Events SPEAKING ENGAGEMENT April 15, 2021 Macky O’Sullivan to Speak at Hult Business School About Entrepreneurship and More

January 20, 2021 James Stull, Macky O’Sullivan to Speak at The Art of Angel Investing Workshop

WEBINAR September 24, 2020 Africa Webinar Series: COVID-19: Opportunity in Crisis

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News CASES & DEALS June 27, 2021 King and Spalding Advises Cerberus Frontier on Partial Acquisition of United Eastern Medical Services

IN THE NEWS July 8, 2021 • Source: Global Legal Chronicle K&S advises Cerberus Frontier on its deal with Olive Rock Partners to acquire a minority stake in United Eastern Medical Services

RECOGNITION September 14, 2021 IFLR Names Macky O’Sullivan a Rising Star at IFLR Middle East Awards 2021

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