White & Case Advises EIG on US$390 Million Acquisition of Ocyan Participações S.A.

Global law firm White & Case LLP has advised EIG, a leading institutional investor in the global energy and infrastructure sectors, on the New York and international aspects of EIG's definitive agreements with Novonor S.A. (Novonor) and Brazilian Development Bank (BNDES) for the acquisition of Ocyan Participações S.A. (Ocyan), a Brazil-based solutions provider to the offshore oil & gas industry, for US$390 million, considering US$283 million for Novonor's 100 percent equity interest and the remaining amount for liquidation of its outstanding balance of non-voting securities related to Ocyan.

EIG is a leading institutional investor in the global energy and infrastructure sectors with US$23 billion under management as of September 30, 2023, specializing in private investments in energy and energy-related infrastructure on a global basis. During its 41-year history, EIG has committed more than US$45.9 billion to the energy sector through more than 400 projects or companies in 42 countries on six continents. EIG's clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the US, Asia-Pacific and Europe. 

The White & Case team was led by M&A partner Bill Parish (Houston), and included partners Ingrid Wijnmalen (Frankfurt) and Carlo Meert (Brussels), local partner Philippe Hendrickx (Brussels), and associates Carlos Ramón Díaz Sordo, Carlos Moran, Chantal Carriere (all in Houston), Jan Lampert (Frankfurt) and Rodrigo Belle Gubbins (Brussels).

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