Freshfields: Alpha Dhabi on Enersol Joint Venture Acquisition of additional Stake in Gordon Technologies

Freshfields is advising Alpha Dhabi Holding (Alpha Dhabi) on Enersol RSC LTD’s (Enersol) acquisition of an additional equity stake in Gordon Technologies (Gordon). Enersol, a joint venture of Alpha Dhabi and ADNOC Drilling Company, has agreed to acquire an additional 42.206% equity stake in Gordon for consideration of approximately $270 million, making Enersol the majority equity holder with an equity stake of 62.7%.

Approximately 80% of the consideration for the 42.206% additional stake acquired by Enersol will be funded upon closing. The remaining part of the consideration is expected to be paid in the next two years, subject to certain performance conditions. Closing of the transaction is subject to customary regulatory approvals and closing adjustments.

Freshfields previously advised Alpha Dhabi on its acquisition of a 25% stake in Gordon in 2022 which was subsequently contributed to Enersol in January 2024 

Freshfields’ team

New York-based partner Andrea Basham, counsel Michal Netanyahu, senior associate Dilara Alpli and associate Nicole Johnson lead the team; partners Bruce McCulloch and Maria Dreher-Lorje, special counsel Meytal McCoy and associate Daniel Metz are advising on antitrust matters; partner Joe Soltis, counsel Dennis Caracristi and associate Jessica Berman on tax matters; partner Brandon Gantus, senior associate Andrew Herman and associate Sonia Bennett on executive compensation and employee benefits matters; partner Mena Kaplan and senior associate Marissa Yu on intellectual property matters; and partner Stephanie BrownCripps, senior associate Tim Chen and associate Severine Kale on sanctions matters.

Alpha Dhabi

Alpha Dhabi is an investment company based in Abu Dhabi, with a portfolio in real estate, construction, healthcare, hospitality, energy, industries, climate capital and investments in promising sectors.