Jahez Acquires Majority Stake in Snoonu for QAR 1.165 Billion
Deal News | Jul 09, 2025 | Legal Community MENA
Kirkland & Ellis is advising Jahez International Company for Information System Technology in their acquisition of a majority stake in Snoonu, a Qatar-based technology and on-demand delivery company. The deal involves the signing of a Share Purchase and Subscription Agreement, allowing Jahez to acquire 76.56% of Snoonu’s share capital. This transaction values Snoonu at approximately QAR 1.165 billion, equivalent to USD 320 million.
Sectors
- Technology
- Legal Advisory
- Mergers & Acquisitions
Geography
- Qatar – Snoonu is based in Qatar, making it a central geography in the acquisition.
Industry
- Technology – The article involves technology companies, with Snoonu being a tech-focused, on-demand delivery service.
- Legal Advisory – Kirkland & Ellis, a law firm, is providing legal advisory services to Jahez in its acquisition of Snoonu.
- Mergers & Acquisitions – This transaction is an acquisition, which falls under the M&A industry.
Financials
- QAR 1.165 billion – The valuation of Snoonu in the acquisition deal.
- USD 320 million – Equivalent value of Snoonu in U.S. Dollars.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kirkland & Ellis | Legal Advisor | Company | A global law firm advising Jahez on the acquisition. |
| Jahez International Company for Information System Technology | Bidding Company | Company | The acquirer of the majority stake in Snoonu. |
| Snoonu | Target | Company | A Qatar-based technology and on-demand delivery company being acquired. |