Jun 2026
Conyers advised Vantage Drilling International Ltd. (“Vantage”), a Bermuda exempted company on the Euronext Growth Oslo (the “Oslo Market”), on its merger agreement with Eldorado Drilling AS. The all cash offer merger values Vantage’s equity at approximately US$257.6 million and represents a significant strategic combination in the offshore drilling sector, bringing together Eldorado’s modern rig portfolio with Vantage’s established operational platform and customer base.
The merger is to be completed on or before 31 July 2026 and upon completion, Vantage will de-list from the Oslo Market.
Conyers is advising on all Bermuda law aspects of the merger, including the merger documentation, shareholder meeting and corporate approvals, fiduciary duties in the M&A context, and dissenting rights under Bermuda law.
Director Jennifer Panchaud, Senior Associate Sophia Collis and Associate Celine Collis are advising on this matter, working alongside Milbank LLP and Advokatfirmaet Thommessen AS.