Conyers Dill & Pearman has provided Bermuda legal advice to Tullett Prebon on its $160m (£93m) acquisition of PVM Oil Associates and its subsidiaries.
PVM is an independent broker of oil instruments, focused on energy products. The acquisition will increase the scale of its activities in the energy sector and create an even stronger presence in broking crude oil and petroleum products.
Tullett Prebon is an interdealer broker 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.