Transactions

M&A + Partnering

Acquisitions, disposals and partnerships reshape ownership, control and the direction of a business. We help owners and strategic investors structure transactions around their commercial objectives, connecting the investment terms with funding, governance and the practical requirements of completion.

We help shape the commercial bargain, negotiate the terms that matter and carry complex transactions through to closing.

Converging transport structures
Converging structures

Selected Experience | M&A + Partnering

Kazakhstan

Gold Mine Acquisition

Acquisition of the state interest in a major gold mine.

Australia

Telecom Investment

Strategic investment in an Australian telecommunications business.

Turkey

Food-Sector Takeover

Cross-border acquisition in the food and consumer sector.

Africa

Mobile Divestiture

Divestiture of mobile-telecommunications interests across African markets.

Egypt

Gas Distribution Investment

Investment in a gas-distribution business and its commercial arrangements.

Kazakhstan

Mining Joint Ventures

Creation of a portfolio of gold and silver mining joint ventures.

Transaction

Acquisitions + Disposals

We advise buyers and sellers on acquisitions and disposals of companies, businesses and assets. Our work brings together transaction structure, diligence, contractual allocation of risk and execution across jurisdictions.

Cement production plant
Cement production plant

Structure + Value

Share and asset transactions carry different implications for the business being transferred. We address the transaction perimeter, consideration and price adjustments, including deferred payments and contingent consideration.

Business + Exposure

Diligence findings must be understood in the context of the investment. We address warranties, indemnities and contractual protections alongside the continuity of material contracts, operating rights and business relationships.

Signing + Completion

Conditions, third-party consents, funding and interim operating obligations determine how a signed transaction reaches completion. We coordinate closing requirements, transfers and any transitional arrangements needed to keep the business operating.

Selected Experience | Acquisitions + Disposals

Turkey

Consumer Expansion

Takeover of a major food business.

Turkey

Consumer Expansion

Acquisition of a retail health-and-beauty chain.

Turkey

Acquisition

Acquisition of a significant interest in a textile producer.

Australia

Telecom Transaction

Acquisition of a major telecommunications interest.

Kazakhstan

Mining Transaction

Acquisition of the state interest in a major gold mine.

Africa

Telecom Transaction

Divestiture of regional mobile-telecommunications assets.

Relevant Industries

Relevant Lawyers

Relevant Insights

Transaction

Joint Ventures + Partnerships

We structure investment and operating partnerships around what each participant contributes and what they intend to achieve together. Our work covers new ventures, investments in existing businesses, partial exits and strategic partnerships for particular assets or projects.

Intersecting infrastructure connections
Intersecting infrastructure connections

Contributions + Commitments

Capital, assets, technology, operating capabilities and market access can carry different obligations and expectations. We address initial contributions, staged investment, future funding and the consequences of a participant failing to meet its commitments.

Governance + Operations

Ownership percentages do not tell the whole story of control. We address board representation, management responsibilities, reserved decisions and related-party arrangements, including the relationship between investor rights and day-to-day operations.

Change + Exit

Partnerships must accommodate changing priorities and circumstances. We address transfers, changes of control, deadlock and exit arrangements, with attention to continuity of the business and obligations that survive a participant's departure.

Selected Experience | Joint Ventures + Partnerships

Kazakhstan

Mining Transaction

Portfolio of gold and silver mining joint ventures.

Egypt

Telecom Transaction

Data-services joint venture with an international telecommunications company.

Egypt

Port + Storage

Joint venture for chemical and oil storage at a BOT port.

Turkey

Joint Venture

Real-estate development joint ventures involving international investors.

Gulf

Port + Storage

Joint venture supporting expansion of an international contractor.

Emerging Europe

Consumer Expansion

Joint venture to develop international restaurant concepts.

Relevant Industries

Relevant Lawyers

Relevant Insights

Transaction

Reorganizations + Restructurings

We help owners and investors reshape businesses and ownership structures to support investment, integration, separation or recovery. Our work connects changes in entities, assets and governance with the commercial relationships and obligations that continue through the restructuring.

Organized industrial storage and logistics assets
Organized industrial assets

Structure + Ownership

Group simplification, mergers, recapitalizations and transfers within a group can change control and economic interests. We coordinate the transaction structure with tax, accounting and local-law input, including the treatment of minority interests.

Assets + Obligations

Moving a business involves more than transferring shares or assets. We address material contracts, employees, operating rights, guarantees and liabilities, together with the consents and releases required to implement the change.

Process + Continuity

Implementation may involve several entities, jurisdictions and stakeholder groups. We coordinate approvals, sequencing and transitional arrangements, including specialist insolvency processes where relevant.

Selected Experience | Reorganizations + Restructurings

Turkey

Restructuring

Merger and restructuring of local subsidiaries within a European reorganization.

Africa

Oil + Gas Transaction

Restructuring of an oil company’s regional investments.

Egypt

Agricultural Processing

Restructuring of a financed soybean-processing project company.

Middle East

Restructuring

Restructuring and partner buyout involving an investment bank.

Egypt

Restructuring

Restructuring of the country’s first defaulted international bond.

Turkey

Restructuring

Restructuring of international credit facilities.

Relevant Industries

Relevant Lawyers

Transaction

Privatizations

We advise investors on acquisitions of state-owned businesses and assets, including controlling interests, minority investments and participation alongside continuing state ownership. Our work connects the purchase terms with public commitments and the requirements of operating the business after completion.

Converter Shop, Qarmet, Temirtau, Kazakhstan
Converter Shop, Qarmet, Temirtau, Kazakhstan

Process + Participation

Tender requirements, bidder qualifications and consortium arrangements shape participation in a privatization. We address bid commitments, transaction documentation and the relationship between the sale process and financing.

Business + Commitments

Legacy liabilities, asset title, operating rights and obligations to employees or public stakeholders can materially affect the investment. We address investment programs, service commitments and the separation of commercial responsibilities from functions retained by the state.

Ownership + Transition

Retained state interests and governance rights influence control after completion. We address shareholder arrangements, transitional support and continuing government undertakings, alongside the transfer of the business into full or partial private ownership.

Selected Experience | Privatizations

Kazakhstan

Metals Investment

Privatization and redevelopment of integrated steel and coal assets.

Kazakhstan

Power Investment

Privatization of power-generation and distribution systems.

Kazakhstan

Mining Transaction

Privatization of coal mines and related processing assets.

Turkey

Metals Investment

Proposed privatization of major metals-sector assets.

Turkey

Privatization

Privatization of an industrial-sector company.

Egypt

Privatization

Privatization of an insurance company by an international investor.

Relevant Industries

Relevant Lawyers

Relevant Insights

Transaction

Carve-Outs + Business Separations

We advise on separating businesses for sale, investment or independent ownership, including spin-offs. Our work defines what transfers, what remains and how the separated business will operate from completion onward.

Parallel rail lines separating under a clear sky
Parallel routes separating

Perimeter + Dependencies

A business may depend on assets, people, systems and contracts shared with the wider group. We address the separation perimeter and dependencies that affect value, readiness and the scope of the transaction.

Transfers + Liabilities

The separation must account for contracts, employees, permits, debt and guarantees as well as operating assets. We coordinate transfers, consents and the allocation of liabilities across the businesses concerned.

Transition + Independence

Transitional services, supply arrangements and continuing access to facilities or systems can be essential to continuity. We address the terms and duration of those relationships and the obligations involved in moving to independent operations.

Selected Experience | Carve-Outs + Business Separations

Africa

Mobile Divestiture

Divestiture of regional mobile-telecommunications interests.

Cross-Border

Business Separation

Separation of businesses, assets and continuing operating arrangements.

Cross-Border

Transitional Services

Structuring transitional support following a business separation.

Cross-Border

Asset Transfer

Allocation and transfer of contracts, assets, people and liabilities.

Cross-Border

Operational Continuity

Commercial arrangements preserving continuity through separation.

Cross-Border

Separation Finance

Financing and security arrangements supporting a separated business.

Relevant Industries

Relevant Lawyers

Before You Email

An initial conversation is for preliminary discussion only. We can act after completing our conflicts and acceptance procedures and agreeing the terms of our engagement. Please do not send confidential information before then.

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