White & Case advised Utico Group, the UAE’s leading private water and power utility provider, on its capital raise, with a deal value of US$400 million.
The proceeds of the investment are intended to increase Utico Group’s global participation in the utilities sector.
The investor is Majis Industrial Services, a large water utilities company based in Oman. The transaction is the first overseas investment for Majis Industrial Services.
The White & Case team that advised on the transaction was led by partner Ali Shaikley (Picture) and associate Vasi Papadopoulos, with support from associates Aleksandra Stadnik and Roger Gaspard, along with partner Claire Matheson-Kirton and associate Sam Manful (Dubai), local partner Anne Marie Wicks and associate Michael Gabriel (Abu Dhabi), and associates Sarah Hudson and Saghar Khodabakhsh (London).
Involved fees earner: Michael Gabriel – White & Case; Roger Gaspard – White & Case; Sarah Hudson – White & Case; Saghar Khodabakhsh – White & Case; Sam Manful – White & Case; Claire Matheson Kirton – White & Case; Vasi Papadopoulos – White & Case; Ali Shaikley – White & Case; Aleksandra Stadnik – White & Case; Anne Wicks – White & Case;
Law Firms: White & Case;
Clients: Utico FZC ;