Maples Advises on Restructuring Deal of the Year 2020
Maples and Calder, the Maples Group’s law firm, was pleased to advise the 10.5% noteholder of the Seven Energy Group in relation to the 2019 Seven Energy debt restructuring. A complex and noteworthy matter, the transaction received recognition at the IFLR Sub-Saharan Africa Awards, winning Restructuring Deal of the Year 2020.
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Seven Energy is the leading integrated gas company in southeast Nigeria, with upstream oil and gas interests in the region and a midstream gas processing and pipeline infrastructure for distribution of gas and crude oil. The restructuring involved the sale of certain oil and gas assets located in Nigeria to Savannah Petroleum Plc, a UK-based oil and gas exploration and development company.
A team based in the Group’s law firm in London advised on this transaction and was led by Matthew Gilbert, a partner in the finance practice group, and assisted by Of Counsel Joanna Russell. The firm was instructed by Allen & Overy LLP.