Kirkland & Ellis Advised TASARU Mobility's Investment In Blacklane For Saudi Market Expansion

Kirkland & Ellis Advised TASARU Mobility's Investment in Blacklane for Saudi Market Expansion

Kirkland & Ellis has provided legal counsel to TASARU Mobility Investments, a firm owned by Saudi Arabia’s Public Investment Fund (PIF), regarding its investment in Blacklane, a premium chauffeur services provider.

This investment aims to bolster Blacklane's expansion into the Saudi market, marking a significant advancement in the Kingdom’s sustainable mobility sector. The announcement was made during the eighth edition of the Future Investment Initiative (FII8), which is currently taking place in Riyadh.

Blacklane is committed to promoting sustainable mobility by utilizing electric vehicles and generating local job opportunities. As part of its growth strategy, the company plans to establish a Chauffeur Training Academy in Saudi Arabia, with operations set to launch in Riyadh followed by Jeddah, and further expansion anticipated across the Kingdom.

The Kirkland team included Corporate Partners Kamran Bajwa and Noor Al-Fawzan based in Riyadh, as well as Ben Leyendecker and Sebastian Häfele in Munich. Additionally, London Partners Emma Flett and Ben Zeris offered guidance on technology and intellectual property matters.

Germany-based Blacklane connects travelers with a global network of professional chauffeurs and employs over 300 individuals across 50 countries, with operational hubs located in Germany, Singapore, Spain, the UAE, the UK, and the US.