Trowers & Hamlins has advised Bahrain-based business group Yusuf Bin Ahmed Kanoo (Holdings) Co WLL ("Kanoo") on its acquisition of travel company Thomas Cook Group plc's Egyptian and Lebanese operations.

Thomas Cook Egypt and Thomas Cook Lebanon offer outbound corporate and leisure travel to Egyptian and Lebanese customers, as well as foreign exchange services in Egypt and Lebanon.  Kanoo has acquired these businesses for a cash consideration of £6.5 million.

Corporate partner Tony Poole, who led on the deal, commented:  "We are delighted to have advised on the legal aspects of this acquisition for Kanoo. This acquisition will help the business expand its offering even further across the Middle East."

Tony was supported on the deal by corporate associate Ayda Habboush and corporate solicitor Louise Byars. Intellectual property advice was provided by IP partner Caroline Hayward and further specialist support was provided by the firm's tax team and by the firm's Cairo office.