Kirkland Advises Blackstone on Partnership to Invest in UAE Payments Infrastructure Platform
Kirkland & Ellis advised Blackstone, the world’s largest alternative asset manager, on a $250 million investment in Advanced Digital Gaming Technology (ADGT), a newly established payments and data intelligence technology platform launched from the United Arab Emirates to support regulated digital markets globally. ADGT has been established through a strategic partnership between Blackstone, Raya Holding, the Abu Dhabi-based investment company and leading technology partners NRT Technology and Sightline Payments. The platform is designed to support national-scale deployments, cross-border interoperability and evolving regulatory frameworks. ADGT integrates digital wallets, real-time funding and payout rails, identity and access management, compliance monitoring, and both closed-loop and open-loop ecosystem controls within a single interoperable infrastructure supporting both on-property transactions and digital engagement.
Read the transaction press release
The Kirkland team featured lawyers based in the Middle East, New York and Europe, including corporate lawyers Christopher Burwell, Greg Scott, Osama Lone, Peter Martelli, David Higgins, Neil Tiwari, Aida Kimiagar, Noor Al-Fawzan, Nabil Abou-Charaf, Sarah Alhabeeb and Toshi Mahapatra; technology and IP transactions lawyers Seth Traxler and Rami Sherman; tax lawyers Vivek Ratnam and Mike Beinus; litigation lawyer Meghan Dolan; and fintech regulatory lawyers Kara Kuchar and Jessica Romano.
