Monday 30th April 2018
International metals, industrials and energy group, the GFG Alliance, which has invested more than $2billion in global growth over the past three years, is creating a panel of law firms to aid its next phase of expansion.
The decision by London-headquartered GFG to appoint a panel with the required mix of M&A, litigation and employment law expertise follows the recent appointment of Allen & Overy-trained Simon Nasta as Global Group General Counsel of the 12,500-employee business, spanning 30 countries.
Led by global entrepreneur, Sanjeev Gupta, the GFG Alliance has been one of the world’s fastest-growing industrial enterprises since 2015, acquiring more than 30 steel, aluminium, engineering and energy assets and effecting remarkable turnarounds in previously struggling operations.
Its major concentration of activity is in the UK and Australia, where further acquisitions are planned in the short and medium term, and the group is also pushing strongly into the USA, France, India and emerging economies.
In addition to its energy and industrial activities, GFG has been building its business in the financial services sector with major investments in banking, insurance and financial technology.
Simon Nasta, who joined the burgeoning business in January from his previous role as General Counsel of the First Bank of Nigeria said: “GFG has reached a scale now that demands we develop a relationship with a number of top-quality law firms to ensure we can access cost-effectively the most talented players in the field, who can take us through the many complex transactions and operational issues we’ll inevitably face as our vigorous growth phase continues. We’re not yet sure how many firms we’ll need to appoint but, at present, we estimate it will be around four.”
Invitations to apply for places on the panel will be advertised in the coming weeks.
Lois Brearley (iNHouse Communications)