Macfarlanes has advised Topaz Energy on its acquisition of Esso’s fuels and convenience store businesses in Ireland from ExxonMobil.

Kendrick Investments Limited, the parent company of Topaz, will buy the entire issued share capital of Esso Ireland Limited and its wholly owned subsidiaries, Ireland ROC Limited and Esso Ireland Manufacturing Company Limited from Esso Ireland, a wholly owned subsidiary of ExxonMobil. The deal includes 38 company owned service stations and the right to supply approximately 60 service stations owned by independent dealers.

The Macfarlanes team comprised lawyers from across the firm led by corporate and M&A partner Howard Corney.  The acquisition is conditional on regulatory approvals with completion anticipated to occur in Q3 2015.

Howard Corney commented “This transaction is another example of Macfarlanes’ credentials in this industry and builds on a number of other recent transactions in the mid and down-stream oil sector which the firm has recently advised on."