01 Dec 2025

Kellerhals Carrard Advises on Management Buyout of Gunvor

"Kellerhals Carrard advised the existing owners of global physical energy trader Gunvor Group and members of its management on a management buyout in which majority owner Torbjörn Törnqvist agreed to sell his entire holding to a group of current employees who will become the company's sole owners."

Kellerhals Carrard represented the existing owners of the globally active physical energy trading company Gunvor Group and assisted members of the company's management in the transaction. The parties agreed a management buyout under which majority owner Torbjörn Törnqvist will sell the entirety of his holdings to a consortium of current employees. Pursuant to the agreement, the employee group will acquire full ownership of the company. Kellerhals Carrard represented the existing ownership of Gunvor Group and members of management with a team composed by: Laurent Moser and Arnaud Philippe (who led the Kellerhals Carrard team); Audrey Eigenmann, Antoine Illi, Noémie Mégevand, Anne-Gabrielle Piaget and Elodie Spahni (corporate/M&A); Didier Nsanzineza (tax); and Kevin MacCabe (financing).
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