Linklaters advises on the sale of shares by Impact46 in Rasan Information Technology

Linklaters advised HSBC as the sole global coordinator and bookrunner on the successful completion of sale of shares by Impact46 in Rasan Information Technology Company (Rasan) through an accelerated book build offering. 

Impact46 is a leading Saudi fund manager licensed by the Capital Market Authority (CMA) and focused on investing in high growth technology companies, with a strong track record. 

The offering included 13,296,836 shares, representing approximately 17.16% of Rasan’s issued share capital and the entire shareholding of Impact46’s managed funds in Rasan. The total offering size amounted to approximately SAR 918m (US$244m). 
The Linklaters team was led by partner and Head of Equities, Saudi Arabia, Amro Bakhaidar, and partner and Global Chair of Equities, Jason Manketo, with support from managing associate Mohammad Almania and associate Yazeed Alsaiyari.