Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 24-02-2014 | Practice Area: | Corporate and M&A |
| Deal Title: | Arabtec Holdings Purchase of Target Engineering Shares | Industry: | Oil Equipment, Services & Distribution |
| Description: |
Trowers & Hamlins is acting for the founding shareholders on the sale of 38% of the share capital of Target Engineering Construction Co LLC (Target) to Arabtec Holdings PJCS (Arabtec), which was a 60% shareholder of Target. The transaction is valued at approximately USD73 million.
Target is one of the leading single source engineering, procurement and construction (EPC) contractors in the UAE and focuses on EPC work in the oil and gas sector. Target has operations in the UAE, Qatar, Saudi Arabia and other countries.
The team is led by partner Guy Danalis who is assisted by senior associate Shaun Hardiman.
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| Financial Center: | Abu Dhabi | Value: | 0.00-100.00 |
| Advised Party: | Vendor | Law Firm | Trowers & Hamlins |
| Target Company Jurisdiction: | UAE | Acquiror Jurisdiction: | UAE |
| Classification: |
Strategic Buyer Acquisitions Private Company |
Lawyer | Guy Danalis |
