Slaughter and May Advises Alpha Petroleum Group on Sale of Waldorf Group to Harbour Energy Subsidiary

Slaughter and May advised the Alpha Petroleum group in connection with the sale of the Waldorf group to a wholly-owned subsidiary of Harbour Energy plc. The sale has an effective date of 1 January 2025. The consideration payable at completion is estimated to be $170 million after customary locked-box consideration adjustments. That consideration will be allocated among creditors of the Waldorf group whose claims are to be settled pursuant to the transaction. The Alpha Petroleum group is one of the largest creditors of the Waldorf group. Completion of the sale is subject to a number of conditions, including regulatory approval and the settlement of certain liabilities of the Waldorf group, including liabilities owed to the Alpha Petroleum group. The transaction will also involve restructuring plans under Part 26A of the Companies Act 2006. The Alpha Petroleum group is advised and managed by Shorelight Partners, which invests in businesses across the energy value chain with a geographic focus in Europe and other low‑risk jurisdictions. Slaughter and May represented the Alpha Petroleum group with a team composed by: Hywel Davies, Partner, Corporate; Holly Mumford, Associate, Corporate; Tim Newey, Partner, Restructuring and Insolvency; Matthew Spilsbury, Associate, Restructuring and Insolvency; Jennifer Sadek, Associate, Financing; Edward Milliner, Senior Counsel, Tax; Ross Francis-Pike, Partner, Disputes; Harriet Saunders, Associate, Disputes.

Slaughter and May Advises Alpha Petroleum Group on Sale of Waldorf Group to Harbour Energy Subsidiary

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