White & Case LLP, a global law firm, has successfully advised Deem Finance LLC, a subsidiary of the Gargash Group and a regulated finance company based in the UAE, on a forward flow securitisation financing transaction valued at up to $400 million. The deal saw J.P. Morgan serve as the senior lender, with Daman Investments acting as the financial advisor.
Debashis Dey, a partner at White & Case who led the firm’s team on the deal, highlighted the strategic importance of the transaction. “This deal significantly expands Deem Finance’s funding sources, helping to accelerate the growth of its core business operations,” Dey remarked. “For the broader GCC market, it represents another key instance of how asset-backed funding structures can benefit financial institutions. White & Case continues to lead the way in facilitating such innovative financing solutions in the region.”
The securitised portfolio in this deal includes a diverse range of asset classes originated within the UAE, such as credit card receivables, personal loans, and merchant finance. The structure will enable Deem Finance to deepen its partnerships with fintech companies, focusing on providing greater financial inclusion. This will particularly target the unbanked population and the micro, small, and medium enterprise sectors.
The White & Case team advising Deem Finance was led by partner Debashis Dey, supported by local partner Greg Pospodinis, and associates Eren Ayanlar and Felix Mueller, all from the firm’s Dubai office.
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