White & Case with Tristar on $1.5 billion sale to Aegis
White & Case advised Eugene Mayne, founder and chief executive of Tristar Group, and Diamond Holdings, a holding company and minority shareholder in Tristar, on Aegis Logistics’ agreement to acquire an 89.8% stake in the UAE-headquartered energy logistics business in a transaction that values Tristar at $1.5 billion in enterprise value.
The parties
Founded in 1998, Tristar serves the downstream oil and gas industry, providing fuel supply, storage and transportation services, including aviation fuel and liquefied petroleum gas (LPG).
Aegis Logistics is one of India’s largest oil, gas and chemical logistics companies and a leading importer of LPG.
The White & Case team
The White & Case team in Dubai was led by partners Marcus Booth and Roger Gaspard, with local partner Omar Anwar and associates Tigran Saakyan and Reece Patel.
