CMS advises LoanBook on investment from Emirates NBD and Mashreq Bank
CMS has advised LoanBook on a strategic investment from leading Gulf Cooperation Council region banks, Emirates NBD and Mashreq Bank.
LoanBook offers a centralised digital marketplace, focused on the EMEA region, for participants to access global loan opportunities. LoanBook automates end-to-end workflows, bringing efficiency and velocity to an industry that is still heavily reliant on manual processes. With this investment, LoanBook gains significant resources, scale, and industry support to deliver transformative solutions to the loan capital markets.
CMS Corporate Partner Patrik Daintry comments: “We are delighted to have advised LoanBook, a valued a member of our equIP programme for innovative start-ups, on this strategic investment. The partnership with Emirates NBD and Mashreq Bank will help the LoanBook team in its mission to digitise and make the syndicated loan market more efficient.”
The CMS equIP programme is a unique initiative designed to support start-ups that are rich in intellectual property. CMS has a proven history of supporting start-ups in the Middle East through its equIP programme, fostering partnerships with businesses like pioneering digital platform Bidzi.
The CMS team was led by Patrik Daintry, and included Josh Cosoff, Hanna Uhlin and Oliver Colston-Weeks.
