In an instrumental transaction within the UK oil and gas industry, global law firm White & Case LLP has played a pivotal role as advisory counsel to investment bank Jefferies, who served as Sponsor and Financial Advisor in the merger of Ithaca Energy with Eni’s UK upstream assets, valuing at approximately US$940 million. The transaction is set to establish Ithaca Energy as the second largest independent operator on the UK Continental Shelf, considering the projections for the year 2024. White & Case’s involvement is indicative of their legal prowess in managing high-stakes energy sector dealings, further cementing the firm’s reputation for facilitating high-profile transactions. The White & Case team, under the leadership of partner Jonathan Parry, boasted an impressive roster including Philip Broke, Denise Cerasani, and Robert Chung as partners, and the active participation of associates Andrew Scott and Johanna Wagner. The success of this deal underlines White & Case’s long-standing relationship with Jefferies and its strategic expertise in energy sector transactions that are expected to yield long-term growth and development for Ithaca Energy.

Legal Services, Investment Banking, Oil & Gas,United Kingdom, United States, Italy

https://www.whitecase.com/news/press-release/white-case-advises-jefferies-us940-million-combination-ithaca-energy-italian-oil