King & Spalding advised NBK Capital Partners on the AED 350 million (US$95 million) acquisition of the Dubai campus of a K-12 international curriculum school.

The deal is structured as a sale-leaseback transaction in which the school operator has leased back the campus over the long term and will continue to operate and manage the school.

The King & Spalding team that acted for NBK was led by Dubai-based partner Jawad Ali and included partner Moustafa Said and senior associate Sarah-Jane Mahood on real estate aspects, partner Mike Rainey and senior associate Asal Saghari on finance aspects and counsel Mohammad Al-Ammar and associate Melissa Chan on corporate aspects.