Kay Hechaime’s practice focuses on corporate and financial matters including capital markets, mergers and acquisitions and private equity.

Kay joined Cleary Gottlieb as an international lawyer in 2023.

Notable Experience

M&A

  • Johnson Controls in the sale of its Air Distribution Technologies business to Truelink Capital, a middle-market private equity firm based in Los Angeles.

  • Philip Morris International in its indirect acquisition of a minority stake of 14.7% in Eastern Company S.A.E., structured through holding vehicles in the UAE and UK.

  • OCI N.V. in a strategic sale of its entire equity stake (50% plus one share) in Fertiglobe PLC to the Abu Dhabi National Oil Company for a total consideration of approximately AED13 billion (equivalent to $3.6 billion), implying a company valuation of approximately $7.2 billion for Fertiglobe.

  • A renowned family office in the acquisition of a minority stake in G42 by an entity advised by the family office.

  • The respective sellers in the sale of the entire share capital of California Garden Products Inc. to the Kuwait Food Company (Americana) K.S.C.C.

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Capital Markets

  • HSBC Saudi Arabia in the SAR 1.016 billion IPO of Arabian Mills for Food Products Company.

  • HSBC Holdings plc in multiple offerings of contingent convertible securities and senior notes.

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Funds

  • A leading UAE Sovereign Wealth Fund in the acquisition, alongside funds managed by Blackstone Inc., of a 90% stake in Jersey Mike’s Franchise Systems LLC valuing Jersey Mike’s at approximately $7.8 billion.

  • A leading UAE Sovereign Wealth Fund in its $550 million minority investment in Pye-Barker Fire & Safety valuing Pye-Barker at more than $6 billion.

  • A leading UAE Sovereign Wealth Fund in its participation in refinancing arranged by Apollo Global Management, Inc. for Brightspeed.

  • A leading UAE Sovereign Wealth Fund in its direct $30 million investment in a Series D preferred stock financing of Carmot Therapeutics Inc.

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Publications