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International law firm Berwin Leighton Paisner (BLP) acted for Macquarie Bank on the US$135m financing of the acquisition by AIM listed IGas Energy plc of Star Energy Group Limited from Petronas International.

The transaction is regarded as transformational for the company.  The acquisition consolidates IGas’s existing coal bed methane assets with Star’s substantial onshore UK oil and gas business and makes IGas a significant player in the onshore hydrocarbon industry in the UK.  In addition to the debt package, the overall transaction included warrants and an AIM placing.

This deal was led by partner Andrew Bamber and senior associate Daniel Finch.

Commenting on the deal Andrew Bamber said “We are delighted to act for Macquarie on this successful transaction, bringing together our leveraged finance and equity related expertise plus our sector focus on this area.”

BLP’s leveraged finance and structured finance team is one of the leading dedicated leveraged and structured finance teams in the UK.  Providing expert legal advise combined with in-depth commercial knowledge when acting on acquisitions. The team’s clients in this sector include banks, private equity sponsors, funds  and corporate borrowers.

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This document provides a general summary and is for information/educational purposes only. It is not intended to be comprehensive, nor does it constitute legal advice. Specific legal advice should always be sought before taking or refraining from taking any action.