Charles Russell Speechlys has acted as legal adviser to the management team of Almatis, the world’s leading supplier of premium alumina for the refractory, ceramic and polishing industries, on the sale of Almatis by Dubai International Capital (DIC), the private equity arm of Dubai Holding, to OYAK, Turkey’s largest private pension fund.

Charles Russell Speechlys acted for management on the management warranty deed and assisted with the disclosure process in relation to the transaction, alongside Weil Gotshal, who acted for DIC on the sale.

Commenting on the transaction, Malcolm MacDougall, Partner and head of the Private Equity team at Charles Russell Speechlys, said:

"We are delighted to have advised the management team of Almatis on the sale, and to have assisted in bringing the process to a successful conclusion. We wish the management team all the best working with OYAK going forward."

The Charles Russell Speechlys team was led by Partner Malcolm MacDougall, with assistance from Private Equity Associate Chris Manning.