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Jon Woolrich

Jon Woolrich

Jersey
Mourant LP Partner

Stephen Alexander

Stephen Alexander

Jersey
Partner

Andrew Salisbury

Andrew Salisbury

London
Counsel

Rory Forrest

Rory Forrest

Jersey
Governance Services

Amy Wilson

Amy Wilson

Jersey
Senior Associate

Mourant advises Kuwait Energy on $477m Sale

[Dynamic date]

26 March 2019

Leading global offshore law firm, Mourant, has advised Kuwait Energy plc in relation to its acquisition by Gold Cheers Corporation Limited, a wholly-owned subsidiary of United Energy Group, for US$477m.

The transaction was implemented by a Jersey court sanctioned scheme of arrangement. Mourant has acted for Kuwait Energy since 2010, when it first established a Jersey parent company.

The Mourant team acted as Jersey counsel and was led by corporate partner, Jon Woolrich and litigation partner, Stephen Alexander. Andrew Salisbury, Rory Forrest and Amy Wilson assisted. Allen & Overy LLP acted as lead onshore counsel to Kuwait Energy.

This transaction is one of a long line of schemes of arrangement on which the Mourant team has recently advised. Others include: the takeover of Shire plc by Takeda Pharmaceutical Company Limited (a transaction which, by deal value is the largest ever outbound M&A deal by a Japanese company), Informa's takeover of UBM; the takeover of Kentz Corporation by SNA Lavelin and the public to private takeover of Heritage Oil.