15 May 2017
Macfarlanes advises management of Neptune Oil & Gas in acquisition of Engie's Oil and Gas Unit
Macfarlanes has acted for Sam Laidlaw and the senior management of Neptune Oil & Gas in connection with Neptune's recent deal to acquire a majority stake in Engie’s oil and gas unit for $3.9bn (£3bn) backed by funds provided by the PE funds CVC and Carlyle and CIC, the Chinese state owned corporation.
The deal, which is expected to close in the first quarter of 2018, includes several fields in the UK and Norwegian North Sea and assets in Germany, Algeria, Egypt and Asia, producing more than 150,000 barrels per day of oil and gas equivalent.
The Macfarlanes team included head of Corporate and M&A Ian Martin and Corporate and M&A solicitor Nic Page.