Clyde & Co has advised PANDORA, a Danish listed company and leading manufacturer and retailer of hand-finished jewellery, on the regional aspects of its strategic acquisition of Pan ME A/S, a distributor of PANDORA jewellery in Bahrain, Oman, Qatar and UAE.

The acquisition of Pan ME A/S has been effected by way of a 100% share transfer, and accords with Pandora's strategy to expand geographically in the Middle East region. The deal will enable PANDORA to directly access markets in the Middle East and ensure brand control over the newly acquired retail portfolio comprising of 10 PANDORA Concept stores in the UAE and 3 distributor stores in Bahrain, Oman and Qatar.

PANDORA has a global presence in over 80 countries on six continents with approximately 1,100 Concept stores. Publicly listed on the NASDAQ OMX Copenhagen stock exchange, PANDORA's total revenue in 2013 was DKK 9 billion (circa EUR 1.2 billion).

Peter Mark, President of PANDORA Central Eastern Europe and Middle East, said:

“With the agreement, we get a stronger platform the Middle East, a region which we believe holds great potential for PANDORA, and we look forward to welcoming a strong UAE based organisation into the company.”

The Clyde & Co team advising on the acquisition was led by corporate partner, Abhimanyu Jalan with support from Prarthna Chaddha, Senior Associate and Raeesa Chowdhury, Associate.

Abhimanyu Jalan commented:

“This particular transaction required us to draw upon our knowledge of regional nuances and effectively demonstrates our ability to provide clients with practical, commercially focused legal advice, which is grounded in local expertise."