A team of lawyers from K&L Gates LLP’s Dubai office recently advised Deloitte Corporate Finance and Daniel Stewart & Company plc as nominated adviser and broker, respectively, on the London IPO of Qannas Investments Limited (QIL), a closed ended investment company managed by the UAE-based Abu Dhabi Capital Management Ltd.

Dubai partner Owen Waft led the corporate and funds team that advised on the deal, assisted by corporate associates Richard Dollimore and Lowri Llwyd.

Owen Waft commented: “We are delighted to have acted for Deloitte and Daniel Stewart on another successful IPO, bringing together our fund management and equity capital markets practices here in Dubai. With our Dubai corporate team having doubled in size during the past year and the expected surge in IPOs in and from the Gulf Region, particularly in Qatar and Saudi Arabia, in the coming years, K&L Gates is perfectly positioned to serve as a leader in this field, having advised on significant numbers of equity capital market transactions during the past three years.”