LoanBook Secures Strategic Investment from Leading GCC Banks
Deal News | Feb 05, 2025 | CMS Law
CMS Law has advised LoanBook, a centralized digital marketplace for loan opportunities in the EMEA region, on receiving a strategic investment from Emirates NBD and Mashreq Bank, two prominent banks from the Gulf Cooperation Council (GCC) region. LoanBook aims to automate workflows in the loan capital markets, and with this investment, it will gain resources, scale, and industry backing to enhance its offerings. CMS Corporate Partner Patrik Daintry highlighted the importance of this partnership in helping LoanBook reach its goal of digitizing and improving the efficiency of the syndicated loan market. This advisory is part of CMS's equIP program, which supports start-ups with strong intellectual property in the Middle East. The CMS advising team was led by Patrik Daintry and included members Josh Cosoff, Hanna Uhlin, and Oliver Colston-Weeks.
Sectors
- Financial Technology
- Banking
- Legal Services
Geography
- EMEA – LoanBook operates within the EMEA region.
- Middle East – Emirates NBD, Mashreq Bank, and CMS's support for Middle Eastern start-ups indicate a focus on this geography.
Industry
- Financial Technology – LoanBook is a digital marketplace platform, indicating its operations within the fintech sector.
- Banking – The involvement of Emirates NBD and Mashreq Bank signifies the article's connection to the banking sector.
- Legal Services – CMS Law provided legal advisory services, indicating relevance to the legal industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| LoanBook | Target | Company | A digital marketplace focused on global loan opportunities. |
| Emirates NBD | Investor | Company | A leading bank in the GCC region investing in LoanBook. |
| Mashreq Bank | Investor | Company | A prominent bank in the GCC region investing in LoanBook. |
| CMS Law | Legal Advisor | Company | Provided legal advisory services for the investment transaction. |
| Patrik Daintry | Corporate Partner | Person | Led the CMS team advising LoanBook. |
| Josh Cosoff | Team Member | Person | Part of the CMS advisory team. |
| Hanna Uhlin | Team Member | Person | Part of the CMS advisory team. |
| Oliver Colston-Weeks | Team Member | Person | Part of the CMS advisory team. |