Deal Closed | Kentech Corporate Holdings Limited | Acquisition of SNC-Lavalin’s Oil & Gas Business

Kentech to acquire SNC-Lavalin Oil and Gas business.

The details of the deal are as follows

Sector: Oil, Gas and Consumable Fuels  

Announcement Date: 09-Feb-2021 

Name of Client: Kentech Corporate Holdings Limited 

Acquirer Details: Kentech Corporate Holdings Limited | United Arab Emirates  

Target Details:  SNC Lavalin | USA  

Deal Description: Kentech Corporate Holdings Ltd has signed definitive documents to acquire the oil & gas business of SNC-Lavalin Group Inc. 

Total Consideration: Confidential 

Team Members: Rabindra Jhunjhunwala (Partner), Purti Minawala (Principal Associate), Kevin Shah (Senior Associate) and Mohit Rai (Associate) 

Role of Firm: The Khaitan team acted as the Indian legal counsel of the Kentech Corporate Holdings Limited in their acquisition of SNC-Lavalin including the acquisition of the Indian subsidiary SNC Lavalin Engineering India Private Limited. The Khaitan team conducted due diligence on the Indian subsidiary and assisted in review of the transaction documents. 

Other legal advisors if any with names of Lead Lawyers: White & Case: Ian Bagshaw (Partner), Richard Jones (Partner), Adnan Bekdur (Associate), Daniel Hannuna (Trainee Solicitor) 

 Counter party’s lawyers: Norton Rose Fulbright, Canada 

Unique Feature of Transaction: The acquisition, structured as an acquisition of both shares and assets, is a multi-jurisdictional transaction, involving operations in over 20 jurisdictions. The combined group will have a global workforce of over 10,000 people with a sales pipeline of over US$7 billion.