Energy Investment Global Ltd, a wholly owned subsidiary of Al Mirqab Capital SPC of Qatar, took over Heritage Oil Plc.
The takeover, which was implemented by way of a Jersey court sanctioned scheme of arrangement, valued Heritage Oil at approximately $1.7 billion (£924m). Anthony Buckingham, Heritage Oil’s former CEO, retained a 20 per cent interest in Heritage Oil following completion of the takeover.
Heritage Oil is an oil and gas production and exploration company. Prior to completion of the takeover, Heritage Oil was listed on the London Stock Exchange with a secondary listing on the Toronto Stock Exchange.
Al Mirqab is an investment vehicle which is indirectly and beneficially owned by Sheikh Hamad Bin Jassim Bin Jabor Al Thani and his family in a private capacity.
McCarthy Tétrault LLP acted as Heritage Oil’s English and Canadian counsel with a team led by Rob Brant and Greg Turnbull and including Sarah Landry Maltais, Peter Goode, Lauri Pursall, Jeremy Cruse, Rob Nearing, Scott Bergen, Matt Lawson, Richard Temple, Nadeem Kunwar, Ibi Heinanen, Adam Wanke, Ashwin Sathyamoorthy and Allan Reason.
Mourant Ozannes acted as Heritage Oil’s Jersey counsel. Mishcon de Reya acted as Al Mirqab’s English counsel, and Ogier acted as Al Mirqab’s Jersey counsel.
Blake, Cassels & Graydon LLP acted as Al Mirqab’s Canadian counsel with a team including David Glennie and Jacky Sin.