Legal Services Provider of the Year
Bracewell (UK) LLP
Bracewell’s London office has established a unique position in the city’s legal market for its exclusive dedication to the energy sector. It focuses on emerging African and Middle Eastern economies alongside the UK and continental Europe, and has rapidly built a team of highly regarded partners. Its transactional activity has continued to increase, even in a challenging economic environment. Formerly an entirely transactional practice, in December 2017, responding to client demand, Bracewell launched an energy disputes practice (litigation and arbitration), as well as adding to its energy finance offering.
It has been at the forefront of the trend of EMEA oil and gas acquisitions, funded by global PE houses. Significant Bracewell representations have included DNB Bank, ING Bank and Natixis on Siccar Point Energy’s Blackstone-backed $1bn acquisition of OMV’s UK assets; the Carlyle Energy Fund and CVC Capital on a $2bn RBL facility to support Neptune Energy’s acquisition of Engie’s global oil and gas portfolio; and Sumitomo Mitsui Banking Corporation as sole underwriter on the Warburg Pincus-backed Trident Energy acquisition of Equatorial Guinea upstream assets.
Bracewell has advised on numerous ground-breaking deals, including acting for Eni on sales to BP and Rosneft of stakes in the Zohr gas field offshore Egypt. It also acted for the Cheiron Petroleum Group in closing the financing of its acquisition of a 50pc operated interest in the Cardenas and Mora fields, the first upstream debt deal for an independent in the newly deregulated Mexican market.