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Ashurst advises Dar Group on its acquisition of stake in WorleyParsons

06 Mar 2017

Ashurst is advising Dar Group on its acquisition of a 13.35% stake in the share capital of WorleyParsons Limited, the Australian Stock Exchange listed engineering, procurement and construction consultancy and advisory group, and on its indicative proposal to acquire 100% of the share capital submitted in November 2016.

Dar Group is a privately owned international network of professional services firms, with over 18,000 staff operating from 200 offices across 58 countries dedicated to the planning design engineering and project management of facilities, installations and structures that contribute to the sustainable advance of communities worldwide. Dar Group is ranked among the world's leading architecture and engineering firms and operates a multi-branded strategy consisting of architecture and engineering consultancy firms which include Dar Group, Perkins & Wills, TY-Ling and Currie & Brown.

WorleyParsons delivers projects, provides expertise in engineering, procurement and construction and offers a wide range of consulting and advisory services covering the full lifecycle, from creating new assets to sustaining and enhancing operating assets, in the hydrocarbons, mineral, metals, chemicals and infrastructure sectors.

The Ashurst team is being led by London corporate partner Nick Bryans, with Sydney corporate partners Phil Breden and Sarah Dulhunty, and with support from finance partners Martyn Rogers and Tim Rennie (London) and Jamie Ng and Shawn Wytenburg (Sydney) and counsel Chris Young (Dubai). Antitrust advice was provided by counsel Alyssa Phillips (Brisbane).

Ashurst advised Dar Group member, Currie & Brown, on its acquisition of the Asia-Pacific business of AIM-listed Sweett Group in October 2015 and on the takeover of Sweett Group in July 2016. 

Matter Type
Fund/Investment Management
Industry
Business services
News Category
M&A