Slaughter and May advised Ensco PLC on a placing of ordinary shares to raise approximately $606 million. The placing, which closed on 20 April 2016, was underwritten by Morgan Stanley and Goldman Sachs and included a 15% over-allotment option that was exercised by the underwriting banks. Ensco is a global provider of offshore drilling services to the petroleum industry. It is incorporated in the UK and listed on the New York Stock Exchange.

Slaughter and May worked with Baker Botts who advised Ensco on US law aspects. Davis Polk advised the underwriting banks.
Contacts

Corporate: Hywel Davies (partner), Chris McGaffin (partner), Emma Plaxton (associate), Chris Connolly (associate); Tax: William Watson (partner), Homyar Pahlan (associate)