Latham Advises GNRI on the Acquisition of Barclays Natural Resource Investments

Deal creates a new, independent private equity firm.

October 30, 2015

GNRI has announced that it has agreed to acquire Barclays Natural Resource Investments from Barclays Bank PLC (“Barclays”).

The deal, through a management buy-out, will form a new, independent, private equity firm, GNRI, which will build on the existing management team’s strong expertise and proven track record in successfully managing natural resource investment opportunities globally over the last nine years.

Barclays will not be selling any of its existing investments as part of the acquisition. An investment advisory mandate between GNRI and Barclays has been agreed under which GNRI will continue to administer the existing investment portfolios of Barclays and GNRI’s other investment partners.

Latham & Watkins advised GNRI on the transaction, with a London-based private equity team led by partner David Walker and senior associate Gary Brown. Advice was provided on fund matters by London partners Nick Benson and Tom Alabaster, with associate Dan Mathias; on  IP matters by associate Deborah Kirk; on tax matters by partner Sean Finn; and on employment matters by Catherine Drinnan.

Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.