Ashurst Perkins Coie with GIC on sale of Tristar stake to Aegis

Ashurst Perkins Coie is advising Gulf Investment Corporation G.S.C. (GIC) on the sale of its entire shareholding in Tristar Holdings Limited (Tristar) to Aegis Logistics, an Indian integrated oil, gas and chemical logistics company.

GIC is selling alongside Agility Global PLC and Diamond Holdings Ltd, with Aegis acquiring an 89.8% stake in Tristar in aggregate.

The transaction, expected to close before the end of March 2027, values Tristar at an enterprise value of USD 1.5 billion and an equity value of USD 882 million.

The Ashurst Perkins Coie team

The Ashurst Perkins Coie team was led by corporate partner Maha Osman (pictured) and senior associate Dasith Vithanage.