Zuhair Fayez + SNC Lavalin
Executing a M&A process within complex regional parameters to successfully secure a new investor in an international JV
Strategic Financial Advisory
+ M&A
Situation
Appointed by Zuhair Fayez Partnership Consultants, one of KSA, largest EPC contractors, to advise on the buyout of SNC Lavalin from its KSA oil and gas engineering joint venture
Solution
A bespoke process crafted to ensure the process would comply within Aramco’s commercial contracting and in country value criteria for selecting a new partner
Commercial support to assist the business in securing an extension to its Aramco’s contract following the change of ownership
Deal structuring to deliver a framework to the vendor for buyout process
Execution – advice on optimal transaction structuring, MOUs, negotiations with SNC Lavalin and Aramco, project management of legals to completion
Result
The successful buyout of SNC Lavalin’s shares, and the continuation of the JV under new ownership
Gareth Williams, Partner Lumina Capital