Freshfields advises Tristar on sale to Aegis
Freshfields is advising Tristar Group and its shareholders in connection with the acquisition by Aegis Logistics, an Indian gas and energy logistics provider, of an 89.8% equity stake in Tristar for US$809 million.
Deal Details
The transaction, which remains subject to customary regulatory approvals, will see existing shareholders Agility Global and Gulf Investment Corporation exit the business entirely. Founder and chief executive Eugene Mayne will retain a stake in Tristar and continue in his role following completion.
Headquartered in Dubai, Tristar is an energy logistics company providing end-to-end fuel supply chain solutions to international and national oil companies, commercial enterprises and intergovernmental organisations, including the United Nations.
Legal team
The Freshfields team is led from Dubai by partner Pervez Akhtar of the firm’s global M&A and capital practice, with support from counsel André van Zyl Gow, senior associate Nalothiya Nambirajah, and associates Andrea Pandazopoulos and Sahal Suleman. Additional support was provided by counsel Tabasam Faqir, associate Izzet Hassan, and trainee associate Anushna Tyagi. Antitrust, competition and trade advice is being provided by partners Tuna Tanik and Aaron Green, and associate Carla Sava, together with special counsel Andrew Cline in Washington, DC.
