AS&H Clifford Chance has advised Saudi Arabian contracting firm Nesma & Partners on its agreement to acquire global energy services firm Kent.

 

"We have been privileged to advise Nesma & Partners once again on this transformative transaction. Given Kent’s large geographical footprint, we deployed experts from across our offices in Australia, China, Germany, the Netherlands, Saudi Arabia, the UAE, UK and US to deliver this global acquisition for Nesma & Partners,” commented Partner Sahel Mughal, who led the deal team from Riyadh.

 

Operating for over 40 years, Nesma & Partners has an established track record of success in delivering a number of Saudi Arabia’s industrial and infrastructure projects for a wide range of clients in the public and private sectors, including Saudi Aramco, the Public Investment Fund, NEOM, GACA, Ministry of the National Guard, Royal Commission, and the Ministry of Defence.

 

Significant growth

Kent is a $1.4 billion engineering and project management business which has undergone significant growth in the past couple of years, partly through its acquisition of SNC-Lavalin’s Oil & Gas business in 2021.

 

The AS&H Clifford Chance team was led by Mughal and included key members Zayn Khan, Nishi Gandesha, James Cashier, Ayush Vijayvargiya, Henry Baek, Chelsea Bruk-Jackson, Shayan Junaid, Susan Trepekli, Sarah Bowe and Chantelle Masters (Corporate), Nicola Hemsley and Viktoria Parkhomenko (Tax), Jennifer Storey, Cintia Aguilar Flores and Olga Mizikova (Antitrust), and Richard Parris and Prakruthi Gowda (Projects).

 

AS&H Clifford Chance has a strong track record of advising on some of the largest, most innovative and complex M&A transactions. This includes advising the Public Investment Fund on its $69 billion sale of its stake in Sabic, which remains the largest ever M&A transaction in the Middle East, as well as advising National Commercial Bank on its merger with Samba Financial Group, which created the largest bank in Saudi Arabia.-- TradeArabia News Service