ADVISERS CAIRN BID FOR VEDANTA

ROTHSCHILD, INVESTEC AND
RBC CAPITAL MARKETS

CAIRN worked with financial adviser Rothschild to make its bid for Nautical. James Smith, a long-time adviser to Cairn and director of Rothschild’s oil and gas team, took the lead.

Smith counts French oil major Total and Bowleven among his clients. Rothschild has advised Cairn Energy on 11 transactions during the past decade, including its $6bn sale of Indian assets to Vedanta.

Nautical turned to Investec, its financial adviser and joint broker, along with RBC Capital Markets.

Chris Sim and Neil Elliott led the team at Investec. The pair, who moved over with Evolution at the start of the year, brought the Nautical mandate with them. Sim and Elliott also advise Coal of Africa, Circle Oil and Afferro Mining.

Tim Chapman and Matthew Coakes at RBC act as joint broker for Nautical.