Simmons & Simmons is advising Kentz Corporation Limited, the holding company of the Kentz engineering and construction group, in relation to its proposed acquisition of the Valerus field solutions business.

Kentz is a global engineering specialist solutions provider, which serves a blue chip client base primarily in the oil and gas, petrochemical and mining and metals sectors. The Group has over 14,500 employees in 30 countries and is listed on the London Stock Exchange (symbol: KENZ).

Simmons & Simmons is advising in relation to the class 1 circular that was posted to the Company’s shareholders yesterday and is also advising in relation to a US$560m facility agreement which will be used, in part, to fund the proposed acquisition.

The Simmons & Simmons team is being led by Corporate partner Edward Baker and includes Banking partner Simon Middleton, senior corporate associate Rachel Lewis, senior Banking associates Ruth Blackshaw and Emmie Morris, Corporate associate Thomas Burgoo and Banking associate Sophie Hawkins.

Commenting on the transaction, Edward Baker said: “Having acted for Kentz on its step-up to the main market in 2011 and its AIM float in February 2008, we are delighted to be advising Kentz in connection with the proposed acquisition which marks a significant step in Kentz’s development.”