Skip to content

A&O advises on the financing of KKR’s recommended offer to acquire ContourGlobal plc

Related people
Image of Annette Kurdian
Annette Kurdian

Partner

London

View profile →

Image of James Ashcroft
James Ashcroft

Senior Associate

London

View profile →

Image of Lachlan Shaw
Lachlan Shaw

Associate

London

View profile →

Ruby-Jane van Zyl

Associate

London

View profile →

Press contacts

For media enquiries relating to this topic, please contact:

Robinson Susanna
Susanna Robinson

Senior Media Relations Manager

London

View profile →

30 May 2022

Allen & Overy has advised the arrangers and lenders on the acquisition, refinancing and backstop facilities made available to finance KKR’s recommended offer to acquire ContourGlobal plc.

The offer values ContourGlobal’s share capital at GBP1.75 billion and USD2.14bn on a fully diluted basis, and an enterprise value of approximately USD6.14bn.

ContourGlobal plc, is a UK listed geographically diversified power generation business operating a portfolio of 138 power plants in the Americas, Africa and Europe, split between its thermal and renewables divisions.

Partner Annette Kurdian commented: “We are delighted to help support KKR and their financiers on this significant transaction. As a result of decarbonisation targets, the energy industry is undergoing a transformational shift, resulting in a trend of investment in more sustainable energy.”

The UK Takeover Code announcement was made on 17 May 2022. The transaction is expected to be implemented by way of scheme of arrangement, subject to the approval of ContourGlobal shareholders and the receipt of regulatory clearances.

The A&O team was led by partner Annette Kurdian, senior associate James Ashcroft, associate Lachlan Shaw, associate Ruby-Jane van Zyl, trainee Jonathan Khan and trainee Adam Harwood.