M&A Finance
K&L Gates
Full Credential Description
Brooge Holdings Limited and Brooge Petroleum and Gas Investment Company FZE (BPGIC) faced the challenge of expanding their operations in the competitive oil storage and market in the Port of Fujairah, United Arab Emirates. Their goal was to become the largest oil storage and business in the region. To achieve this, they sought to combine with Twelve Seas Investment Company, which involved a complex transaction of exchanging shares, warrants, and rights between the organizations. K&L Gates LLP provided tailored legal counsel throughout this combination process. The firm’s team, led by capital markets partner Robert S. Matlin, facilitated the transaction, which was initially announced in April 2019 and culminated in Brooge Holdings' ordinary shares and warrants beginning to trade on the NASDAQ Stock Market on December 23, 2019, under the ticker symbols BROG and BROGW. This strategic move not only enhanced Brooge's market presence but also positioned them to report financial information in accordance with International Financial Reporting Standards, thereby increasing their credibility and attractiveness to investors. The successful completion of this transaction marked a significant milestone for Brooge Holdings and BPGIC, enabling them to leverage their combined resources and expertise to strengthen their position in the oil storage sector.