A respected contender among the international firms in Bahrain, Trowers & Hamlins is viewed as solid practice that offers good advice.The firm has a strong corporate focus and has been active for private equity houses and private funds in the region....
[more]
A respected contender among the international firms in Bahrain, Trowers & Hamlins is viewed as solid practice that offers good advice.
The firm has a strong corporate focus and has been active for private equity houses and private funds in the region. A team headed by partner Bill Jefferies closed two deals for client BNP Paribas Private Equity in 2010: the acquisition of a $5 million majority stake Bahraini car-hire business under an exclusive franchise from Avis and the purchase of a $7 million minority stake in a Bahrain-based foreign exchange company. A third instruction sees the firm advising on a minority acquisition of a Saudi Arabian fast food business headquartered in Saudi's Eastern Province.
A Bahraini investment firm, Esterad, mandated the firm to advise on the sale of a majority shareholding in Saudi company Overseas Technical Coatings & Services, which is involved in the oilfield services support sector, Hertel Group.
In October 2010 Capital Management House retained the team to advise on its acquisition of a $50 million minority stake in Skaugen Gulf, a company that operates chemical tankers as part of a ship pooling agreement with Norgas of Norway.
On the finance side, partner Jermey Downes has been active for new client, BMI Bank on providing a BD10 million (£26 million) secured murabaha (deferred sale) facility to Bahrain Water Technology ,a special purpose project company established by Bahrain based real estate development and investment firm Inovest. The facility is to be used for financing part of the purchase price of machinery for a new water filtration plant and to fund costs associated with the subsequent installation and testing of such equipment.
[hide]