White & Case: Blue Water Energy sells Kent to Nesma & Partners 

Global law firm White & Case acted as legal counsel to energy investment firm Blue Water Energy (Bluewater) on the successful sale of engineering company Kent to Nesma & Partners. 

Since Bluewater’s investment in Kent in 2015, the company has experienced substantial growth, particularly after its acquisition of SNC-Lavalin’s oil & gas business in mid-2021. White & Case partner Steven Worthington (pictured), who led the firm’s deal team, expressed pride in advising Bluewater throughout its investment journey and the recent sale of Kent. He highlighted the firm’s expertise in handling complex and global M&A transactions, particularly in the energy sector. 

Bluewater is a specialized global private equity firm with a focus on investing in companies contributing to the energy transition. 

Kent is a privately-owned engineering firm with an impressive international presence and annual revenues of USD 1.4 billion. The company delivers sustainable and innovative engineering services and project delivery solutions to the oil & gas, chemical, renewables, and low-carbon industries across six continents. 

On the other hand, Nesma & Partners is a prominent contracting company in the Middle East known for its contributions to the region’s ambitious energy, building, and infrastructure projects. 

The White & Case team which advised on the transaction was led by partner Steven Worthington (Abu Dhabi) and included partners Marc Israel and Nicholas Greenacre (both London) and associates Adnan Bekdur (Dubai), Daniel Hannuna (London, Dubai), Lily Teh and Kate Kelliher (both London).