White & Case Advises Utico Group on US$400 Million Capital Raise

Press Release
1 min read

Global law firm White & Case LLP has advised Utico Group, the UAE's leading private water and power utility provider, on its capital raise, with a deal value of US$400 million.

The proceeds of the investment are intended to increase Utico Group's global participation in the utilities sector.

"This is a great transaction for Middle East power and utilities and demonstrates our team's strong corporate M&A capabilities and in-depth expertise in the infrastructure sector," said White & Case partner Ali Shaikley, who led the Firm's deal team. "This deal also demonstrates our ability to deliver seamless services across practices and offices as an integrated global law firm."

The investor is Majis Industrial Services, a large water utilities company based in Oman. The transaction is the first overseas investment for Majis Industrial Services.

The White & Case team that advised on the transaction was led by partner Ali Shaikley and associate Vasi Papadopoulos, with support from associates Aleksandra Stadnik and Roger Gaspard, along with partner Claire Matheson-Kirton and associate Sam Manful (Dubai), local partner Anne Marie Wicks and associate Michael Gabriel (Abu Dhabi), and associates Sarah Hudson and Saghar Khodabakhsh (London).

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