Advising Mason Capital Management and Pearlstone Alternative on acquisition of Petrofac Emirates

We have acted as Cayman Islands legal counsel to Mason Capital Management LLC and Pearlstone Alternative (UK) LLP in connection with their acquisition of Petrofac Emirates, Petrofac's core Engineering & Construction business in the United Arab Emirates (UAE). 

The transaction completed following the satisfaction of all required conditions and approvals, and positions Petrofac Emirates as a self-sustaining business with no funded debt on its balance sheet. 

Neil McDonald, partner and head of our Corporate and M&A group in London, said: 'We are pleased to have advised Mason Capital Management and Pearlstone Alternative on this significant transaction which creates a platform for future growth across the UAE and wider MENA region under the new ownership structure. It was a pleasure to work alongside our clients and the wider adviser team to bring the transaction to a successful completion'.

The transaction further demonstrates our strength in supporting sponsors, investors and corporate clients on complex cross-border M&A and private equity transactions involving Cayman Islands structures.

Our team was led by Neil McDonald, who was supported by London-based Regulatory partner Benjamin Twidle and Corporate and M&A senior associate Tom Esler and associate Michail Varnis.