Ashurst has advised Macquarie Capital (Europe) Limited, as well as Fox-Davies Capital Limited and FirstEnergy Capital LLP, on a £31 million placing by San Leon Energy plc, the oil and gas exploration and development company focused on projects in Poland, Albania, Morocco and Ireland, made in connection with its acquisition of 75 per cent of the issued share capital of Alpay Enerji AS, a Turkish oil and gas company. Alpay Enerji AS was acquired by San Leon Energy from Server Fatih Alpay.

Macquarie Capital, Fox-Davies Capital and FirstEnergy Capital acted as joint bookrunners in connection with the placing.

The Ashurst team was led by corporate partner Nick Bryans, assisted by senior associate David Dowding. Partner Ray Fisher, assisted by Rodrigo Romero Hidalgo, advised on the US aspects of the deal.