Brian Pierce's practice focuses on project development and finance, mergers and acquisitions and corporate finance transactions, often for clients in the infrastructure and energy sectors.
He represents corporations, consortia, financial institutions and governmental entities throughout the Middle East and North Africa and, in particular, the Arab Gulf region. His understanding of Middle East culture and business practices is a key component of his practice and client relationships.
Mr. Pierce's project development and finance practice has included advising on project agreements and the negotiation of financing arrangements with commercial banks, bond underwriters and export credit agencies on a number of innovative, award-winning transactions.
In his M&A practice, he has advised on both public and privately negotiated acquisitions, joint ventures and divestments. In his corporate finance practice, he has represented issuers and underwriters in a variety of private and public cross-border capital markets transactions across a range of sectors.
Mr. Pierce is proficient in spoken and written Arabic and spent considerable time in the Middle East before joining Patton Boggs as a student of Arabic in Cairo, as a Fulbright Scholar at the University of Jordan and as a registered auditor at the Faculty of Law, University of Damascus. He is also fluent in French.
Prior to joining Patton Boggs, Mr. Pierce was resident in the London office of Sullivan & Cromwell LLP, where he was Special Counsel - Middle East.
The following lists select representative transactions and other matters in which Mr. Pierce had a leading or otherwise substantial role. All were undertaken prior to joining Patton Boggs.
Project Development and Finance
- Emirates Aluminum Company in the $10 billion financing of its aluminum smelter project in Abu Dhabi, the largest single-site aluminum smelter complex in the world. Deal named 2007 “EMEA Industry Deal of the Year” by PFI and “Middle East Manufacturing Deal of the Year” by Euromoney Project Finance.
- The lenders/underwriters on the $4.14 billion refinancing of the Dolphin Energy project. Deal named 2009 "Middle Eastern Oil & Gas Deal of the Year" by Project Finance International, "Middle East Oil & Gas Deal of the Year" by Project Finance and "Oil & Gas Deal of the Year" by Infrastructure Journal.
- Yemen LNG Company in its $4.8 billion financing involving the construction of a natural gas liquefaction plant, associated facilities and pipeline. Deal named 2008 "Middle East Oil & Gas Deal of the Year" by Project Finance, "Project Finance Deal of the Year" by Asian-Counsel and "Global Deal of the Year" and "Oil & Gas Deal of the Year" by Infrastructure Journal.
Mergers and Acquisitions
- ING Group in the $100 million divestment of its US-based private market real estate investment management business.
- Rio Tinto in the $1.2 billion divestment of the U.S. operations of its Alcan Packaging business.
- A leading UK financial institution in connection with joint venture and structured finance arrangements in the United States.
Corporate Finance Transactions
- The underwriters in the €860 million global initial offering of Eutelsat Communications.
- The underwriters in the € 840 million global initial offering and partial privatization of Sanef, a French motorway concessionaire.
- The underwriters in the €1.3 billion global initial offering and partial privatization of Snecma, a French manufacturer of engines and equipment for the aerospace industry.