Global menu

Our global pages

Close

Eversheds Sutherland advises Al Gihaz Contracting on the acquisition of assets, intellectual property and the management systems of subsea trenching company Enshore Subsea

  • UAE

    19-04-2021

     

    Eversheds Sutherland has advised Al Gihaz Contracting, part of Saudi-based Al Gihaz Holding, on the acquisition of assets, intellectual property and the management systems of subsea trenching company Enshore Subsea.

    Al Gihaz Contracting was established in 1975 and is a major firm in the Saudi Arabian power market. Its core business is the implementation of integrated HV substations, medium and low voltage distribution networks, as well as overhead and underground power line projects.

    The acquisition will see the creation of a new joint venture with the aim of forming a leading seabed intervention and construction management services provider.

    The joint venture will aid the Kingdom of Saudi Arabia’s drive to generating 58.7GW of clean energy by 2030 as part of the Saudi Vision 2030.

    Eversheds Sutherland advised Al Gihaz Contracting on all aspects of the transaction including on the corporate and financing aspects.

    The Eversheds Sutherland team was led by Iwan Walters (Partner), with support provided by Ashley Halewood (Partner), David Tan (Senior Associate), Josh Cosoff (Senior Associate), Peter Graystone (Associate) and Jasper Schippers (Associate).

     

     

    Ashley Halewood, Partner
    David Tan, Senior Associate
    Joshua Cosoff, Senior Associate
    Peter Graystone, Senior Associate

    This information is for guidance purposes only and should not be regarded as a substitute for taking legal advice. Please refer to the full terms and conditions on our website.

    < Go back

    Print Friendly and PDF

    © Eversheds Sutherland 2021. All rights reserved. Eversheds Sutherland is a global provider of legal and other services operating through various separate and distinct legal entities.

    Eversheds Sutherland is the name and brand under which the members of Eversheds Sutherland Limited (Eversheds Sutherland (International) LLP and Eversheds Sutherland (US) LLP) and their respective controlled, managed and affiliated firms and the members of Eversheds Sutherland (Europe) Limited (each an "Eversheds Sutherland Entity" and together the "Eversheds Sutherland Entities") provide legal or other services to clients around the world. Eversheds Sutherland Entities are constituted and regulated in accordance with relevant local regulatory and legal requirements and operate in accordance with their locally registered names. The use of the name Eversheds Sutherland, is for description purposes only and does not imply that the Eversheds Sutherland Entities are in a partnership or are part of a global LLP. The responsibility for the provision of services to the client is defined in the terms of engagement between the instructed firm and the client.