Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 09-01-2014 | Practice Area: | Corporate and M&A |
| Deal Title: | Carlyle International Energy Partners Investment in Varo Energy | Industry: | Oil & Gas Producers |
| Description: |
Clifford Chance advised on an investment by Carlyle International Energy Partners (CIEP) in Varo Energy. CIEP and Vitol Group will each own 50% of Varo Energy to create a new energy midstream group across north-west Europe. In conjunction with CIEP's investment in Varo Energy, Varo Energy also acquired from Vitol all of the shares in PT Holding GmbH, the German tank storage business operated by Petrotank Neutrale Tanklager GmbH and Vitol's German wholesale distribution business. This transaction will enable Varo Energy to expand its refining capability in Switzerland and Germany and acquire complementary pipeline, storage and wholesale distribution businesses.
The team for the Varo Energy deal was led by Corporate partner Thijs Alexander partner, assisted by associate Gerrit Jan Kleute and the team for the acquisition of Petrotank's storage business and of the German wholesale distribution business was led by Corporate partner Markus Muhs, assisted by counsel Bernhard Magg.
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| Financial Center: | London | Value: | 0.00-0.00 |
| Advised Party: | Private Equity Investor | Law Firm | Clifford Chance |
| Target Company Jurisdiction | Switzerland | Acquiror Jurisdiction | United Kingdom,Norway |
| Classification: |
Financial Buyer Acquisitions Primary Buy-Out |
Lawyer | Thijs Alexander |
