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Latham & Watkins Advises Carlyle on Sale of Assala Energy to Maurel & Prom

August 16, 2023
London team represents the global investment firm on its agreement to sell an upstream oil exploration and production company operating in Gabon.

Latham & Watkins has advised global investment firm Carlyle on its agreement to sell Assala Energy (Assala), an upstream oil exploration and production company operating in Gabon, to Etablissements Maurel & Prom SA, an oil and gas exploration and production company listed on Euronext.

Carlyle invested in Assala in 2017 through Carlyle International Energy Partners, a private equity fund that invests in energy opportunities in Europe, Africa, Latin America, and Asia. During its period of ownership and in partnership with the Assala management team, Assala has become a successful stand-alone company, adding reserves, upgrading production facilities and infrastructure, and executing strategic M&A.

The Latham team was led by London corporate partners Simon Tysoe and Sam Newhouse, with counsel Evelyne Girio, and associates Pierre-Axel Aberg, Cécile Wirxel, Esmé Nicholas, Josephine Levy, and Saavan Shah.