News | Corporate Finance

Tuesday 28th August 2007

Candover, 3i and JPMP Vetco have completed the $900 million sale of Aibel Limited ("Aibel"), a leading provider of products and services to the upstream oil and gas industry, to Ferd Private Equity Fund II, the Norwegian based private equity fund. This is the largest ever buy-out by a Norwegian-based private equity fund.  Aibel is recognised as being market leaders for services relating to maintenance, modification and operations on the Norwegian Continental shelf. 

SJ Berwin LLP are advising management of Aibel Limited on this transaction, led by corporate partners Ed Harris and Rob Day.

For further information, please contact:

Ed Harris, Partner on 020 7111 2473 or by emailing ed.harris@sjberwin.com

Rob Day, Partner on 020 7111 2575 or by emailing rob.day@sjberwin.com

Aurelia Spivey, Business Development Manager on 020 7111 2060 or by emailing aurelia.spivey@sjberwin.com

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• With more than 200 corporate finance lawyers, the depth and breadth of expertise of our pan-European Corporate Finance Department is considerable.  We offer the complete range of corporate finance services, which extends to all aspects of domestic and cross-border M&A and buy-outs, private equity, equity capital markets, financial services and tax.
  
  
• SJ Berwin was created and thrives as a leading-edge legal services business, focusing on the European and international market place. Our clients are sophisticated buyers of legal services, principally entrepreneurial companies and financial institutions, whom we advise on a comprehensive range of services including Corporate, Commercial, Real Estate, Finance, Reconstruction & Insolvency, Financial Services, Litigation, Employment & Pensions, EU & Competition and Tax.
  
  
• The private equity team has won a number of recent awards including:
  
  - "Corporate Team of the Year - Mid Market" at The Lawyer Awards 2007,
  
  
  - “Fund Formation Team of the Year” 2006 at the Financial News Awards for Excellence in Private Equity Advisory Services,
  
  
  - "European Law Firm of the Year" 2004 -  2006 at the EVCA/Real Deals European Private Equity Awards,
  
  
  - "European Law Firm of the Year" (fund formation) 2001 - 2007 by subscribers to PrivateEquityOnline and Private Equity International
  
  
  - "Private Equity Law Firm of the Year" 2004 -  2007 at the European Venture Capital journal awards 2004
  
  
  - "LBO Firm of the Year" 2004 at the Finance and Law Awards in Paris
  
  
• On 1 June 2005, SJ Berwin became SJ Berwin LLP, a limited liability partnership.  www.sjberwin.com.  SJ Berwin LLP or an affiliated undertaking has an office in Berlin, Brussels, Frankfurt, London, Madrid, Milan, Munich, Paris and Turin.