White & Case Advises Kentech on Acquisition of Oil & Gas Business of SNC-Lavalin Group Inc
1 min read
Global law firm White & Case LLP has advised Kentech Group, an investee company of leading energy investment firm Blue Water Energy, on its agreement to acquire the oil & gas business of SNC-Lavalin Group Inc.'s Resources Division.
"This is an incredibly complex carve-out transaction, which plays to the Firm's global strengths," said White & Case partner Ian Bagshaw, who co-led the Firm's deal team. "It is transformational for Kentech and positions them to deliver their best-in-class services to clients across all global energy markets."
The acquisition, structured as an acquisition of both shares and assets, is a complex, multi-jurisdictional transaction, involving operations in over 20 jurisdictions. The combined group will have a global workforce of over 10,000 people with a sales pipeline of over US$7 billion and projected 2021 pro forma revenue of US$1 billion. The transaction is subject to regulatory and other customary approvals and is expected to close in the second quarter of 2021.
The White & Case team which advised on the transaction was led by partners Ian Bagshaw and Richard Jones (both London) and Steven Worthington (Abu Dhabi) and included partners Lindsey Canning, Helen Levendi, Peita Menon and Marc Israel (all London), counsel Paul Harrington (London) and Habeeb Rahman (Abu Dhabi) and associates Adnan Bekdur and Philip Vavalidis (both Dubai), Elena Ruggiu, Kate Russell, Kate Kelliher, John Timmons, Tom Hickey and Michael Hekimian (all London), Sandra Jorgensen and Emily Holland (both Washington, DC) and Matthias Vangenechten (Brussels).
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