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A&O advises CLH on its proposed acquisition of Inter Terminals Limited for GBP420 million

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Morris Dominic
Dominic Morris

Partner

London

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Sinha Neil
Neil Sinha

Partner

London

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Randall Elizabeth
Elizabeth Randall

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01 October 2020

Allen & Overy has advised Compañía Logística de Hidrocarburos CLH S.A. (CLH) on its acquisition of Inter Terminals Limited (ITL), a bulk liquid storage business in Western Europe, from Inter Pipeline Limited (IPL), a Toronto-listed liquid transportation, storage and processing company. CLH has agreed to purchase the ITL businesses in the UK, Republic of Ireland, Netherlands and Germany, with a total enterprise value of GBP420 million.

CLH is a leading player in the European and wider global transportation and storage of chemical and petroleum products.  It is owned by several large institutional shareholders, including CVC Capital Partners. The transaction will make CLH the largest provider of bulk liquid hydrocarbons and petrochemical storage services in Europe.

The A&O team is being led by partner Dominic Morris, counsel Oliver Bacon and senior associate Marton Eorsi with the assistance of associates Olivia Hardy and Viren Bhojwani.  The A&O team advising CLH on its financing for the acquisition, which includes a leveraged/infrastructure cross over financing, is led by partner Neil Sinha, with assistance from senior associate Nick Hallam and associates Tiffany Liow and Jocelyn Ho. 

A&O is also providing advice across environmental, antitrust, tax, IP and TSA, pensions, employment and real estate aspects of the transaction and the team includes lawyers from Amsterdam, Hamburg and Madrid.

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