White & Case Advises Assystem on Acquisition of 75 Percent Stake in Radicon Gulf Consultancy
Global law firm White & Case LLP has advised Assystem on its acquisition of a 75 percent stake in Radicon Gulf Consultancy.
The transaction was completed on January 15, 2015 after satisfying a number of conditions, including obtaining the approval of the Saudi Arabian Council of Engineers and the Ministry of Commerce and Industry.
Assystem is a global engineering company listed on NYSE Euronext in Paris with a presence in 20 countries and nearly 11,000 employees. It currently has more than 700 employees in the Middle East, based in its offices in the UAE, Qatar and the Kingdom of Saudi Arabia. Assystem was first active in the Gulf in 2011 through its participation in the UAE nuclear programme via its technical assistance subsidiary, MPH Global Services. In September 2013, the group boosted its development in the region by relocating its Energy & Infrastructure division headquarters to Dubai.
Radicon Gulf Consultancy is a professional design and engineering consultancy business based in Al Khobar in Saudi Arabia. Its 400 employees deliver infrastructure and industrial engineering services.
"The transaction involved a number of complex regulatory, legal and contractual issues," said Riyadh-based White & Case partner Charles-Henri Arminjon. "We were very pleased to have helped our client and the shareholders of Radicon Gulf reach a successful conclusion to their transaction. In doing so, the Firm showcased the way in which its significant capabilities in Saudi Arabia are used for the benefit of our clients."
The White & Case team was led by partner Charles-Henri Arminjon (Riyadh) and associates James Rimmer and Majed Alkuraydis, with support from associates Mishari Alabbad and Abdulaziz Albabtain (all Riyadh).
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