Legal DealFolio - LG International acquisition of interest in GeoPark Colombia

Ashurst has advised South Korea's LG International Corporation (LGI) on the acquisition of a 20% equity interest in GeoPark Colombia S.A. (GeoPark Columbia), a wholly owned subsidiary of GeoPark Holdings Limited (GeoPark). Under the agreement, LGI will be required to pay US$20.1 million. GeoPark is a leading independent oil and gas explorer, operator and consolidator in Latin America and is listed on the London Stock Exchange Alternative Investment Market. The transaction includes an incremental equity provision whereby GeoPark is entitled to earn back up to 12% interest in its subsidiary, depending on the success of the Colombian operations. LGI will also pay GeoPark Colombia a pro rata amount of the acquisition costs in acquiring the Colombian assets, which were acquired by GeoPark Colombia in February and March 2012. The Ashurst team that worked on the deal included partner Rupert Lewi, director of Korea Client Services Christine Oh, senior associate Stuart James and lawyer Richard Shi (Australia). New York law advice was provided by partner Jason Radford (New York) and senior associate Mark Fiekers (Washington DC).

Deal Date:	30-01-2013	Practice Area:	Corporate and M&A
Deal Title:	LG International acquisition of interest in GeoPark Colombia	Industry:	Oil & Gas Producers
Description:	Ashurst has advised South Korea's LG International Corporation (LGI) on the acquisition of a 20% equity interest in GeoPark Colombia S.A. (GeoPark Columbia), a wholly owned subsidiary of GeoPark Holdings Limited (GeoPark). Under the agreement, LGI will be required to pay US$20.1 million. GeoPark is a leading independent oil and gas explorer, operator and consolidator in Latin America and is listed on the London Stock Exchange Alternative Investment Market. The transaction includes an incremental equity provision whereby GeoPark is entitled to earn back up to 12% interest in its subsidiary, depending on the success of the Colombian operations. LGI will also pay GeoPark Colombia a pro rata amount of the acquisition costs in acquiring the Colombian assets, which were acquired by GeoPark Colombia in February and March 2012. The Ashurst team that worked on the deal included partner Rupert Lewi, director of Korea Client Services Christine Oh, senior associate Stuart James and lawyer Richard Shi (Australia). New York law advice was provided by partner Jason Radford (New York) and senior associate Mark Fiekers (Washington DC).
Financial Center:	Perth	Value:	0.00-100.00
Advised Party:	Acquiror	Law Firm	Ashurst
Target Company Jurisdiction:	Colombia	Acquiror Jurisdiction:	Republic of Korea
Classification:	Strategic Buyer Acquisitions Private Company	Lawyer	Rupert Lewi

Practice Areas -

Corporate and M&A Law Firms and Lawyers

Practice Areas - Corporate and M&A Law Firms and Lawyers