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Conyers Dill & Pearman provided Bermuda legal advice to Tullett Prebon (“the Company”) on its US$160 million acquisition of PVM Oil Associates Limited (“PVM”) and its subsidiaries. PVM is a leading independent broker of oil instruments, focused on energy products. The acquisition will increase the scale of their activities in the Energy sector and create an even stronger presence in broking crude oil and petroleum products. Tullett Prebon is one of the world’s leading interdealer brokers, primarily operating as an intermediary in the wholesale financial and energy sectors.
Kieran Loughan and Martin Lane of Conyers’ London office advised on the matter, working alongside Herbert Smith Freehills.