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BMT ACqUıreS CoASTAl, PorT And HArBoUr enGıneerınG


fırM, JfA ConSUlTAnTS BMT Group ltd, the leading international maritime design, engineering and risk management consultancy is set to broaden its capabilities in the Asia-Pacific region with the successful acquisition of port and harbour engineering specialists, JfA Consultants Pty ltd based in Perth, Western Australia. This acquisition will help to enhance BMT’s offering, whilst complementing its existing expertise and knowledge through well-established subsidiaries already in the region including BMT WBM and BMT design & Technology. Founded in 1999, JFA Consultants has


provided vital support for a number of major port developments in Western Australia. Jesz Fleming, Founding Director at JFA Consultants, commented: “We are all very excited by the prospect of joining the BMT group. This acquisition will expand our opportunities for growth which in turn, will benefit both our staff and our clients.” Peter French, Chief Executive of BMT


Group said: “Enhancing our presence in Western Australia through this acquisition will provide us with strong growth opportunities in the sectors we currently specialise in, as well as significantly broadening our capabilities in the fields of port development and coastal engineering. The expertise within the organisation is second to none and critical to the continued success of the business – we look forward to welcoming the JFA team as a part of the BMT group.” Downings Legal acted for BMT Group Ltd


(and its Australian subsidiary BMT Holdings (Australia) Pty Ltd) in this transaction, and it was led by Mitch Artus, Partner and Samantha Hayward, Special Counsel. fi


eTon PArK CAPıTAl MAnAGeMenT llP ACqUıSıTıon of 10 Per CenT eqUıTy of JSW ınfrASTrUCTUre lTd.


(JSWıl). JSWıl operates ports at Jaigarh in Maharashtra and Goa. ıt is also in the process of setting up a shipyard and ship repair facility at dabhol. Through its subsidiary, JSW Jaigarh Port


Ltd., JSWIL in 2009 set up a greenfield multi-cargo deep water port in Damankul Bay, Jaigarh in Ratnagiri district of Maharashtra. The port has two berths to handle up to 1.05 lakh dwt vessels and can handle cargo up to 20 million tonnes annually. In the second phase, five more berths will


be developed to handle container cargo, RORO vessels and oil cargo. The Phase-II will increase the capacity to


50 million tpa and will enable direct berthing of cape size vessels of 1.80 lakh dwt capacity. Eton Park Capital Management will invest $125 million (Rs.560 crore) in this transaction. JSWIL which had a turnover of around


Rs.500 crore, has developed and been operating Terminal 5A and 6A of Mormugao, Goa, since September 2004 through its subsidiary, South West Port Ltd., and has handled more than 26 million tonnes to-date with a capacity of 7.5 million tonnes annually. B. V. J. K. Sharma, Joint Managing


Director & CEO, JSWIL, said, “JSWIL enjoys the advantage of group cargo support. The investment by Eton Park will help us in achieving the vision of reaching 180 million tonnes of cargo handling capacity by 2020.” Amarchand & Mangaldas & Suresh A.


Shroff & Co. advised Eton Park in connection with this investment. fi


t ransact ions


117 Kıler Alışverış on Tl


123 Mıllıon ıSe ıPo Kiler Alışveriş Hizmetleri Gıda Sanayi ve Ticaret A.ş., ("Kiler") has issued a Tl 123 million (US$76 million) initial public offering on the ıstanbul Stock exchange. Kiler is the second largest operator in the


supermarket segment of Turkey's food retail market, and the fifth largest operator in Turkey's total food retail market. The offering consisted of a total of


20,193,000 Class B shares offered at an offer price of TL 6.1 and included the sale by the Company of 13,500,000 newly issued Class B shares; the sale by Kiler Holding A.Ş. (the selling shareholder) of 4,062,210 existing Class B shares and the sale by the selling shareholder of 2,630,790 Class B shares pursuant to its exercise of the over-allotment option. Of the total of 20,193,000 Class B shares, 11,086,000 Class B shares were offered outside the US and Turkey to institutional investors in offshore transactions in reliance on Regulation S of the US Securities Act of 1933, as amended and 9,107,000 Class B shares were offered to retail and institutional investors in Turkey.. Dewey & LeBoeuf LLP represented Kiler


on the English and US law aspects of the transaction. Mr. Salinas led the team, which included London senior associate Kirsten Rodger, London associate Burcin Eren and trainee Dawn Bilbe. The Bener Law Firm, through a team led by partner Onur Kordel, who was assisted by senior associate Pinar Aybek, represented Kiler in Turkish law aspects of the transaction. Gide Loyrette Nouel LLP represented the


Global Coordinator and Bookrunner, Oyak Yatırım Menkul Değerler A.Ş. fi


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     


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 


  


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





 fi MONTHLY MARCH 2011


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