KWM advised Hony Capital on its latest acquisition of shares in oil & gas group Santos

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King & Wood Mallesons (KWM) advised Hony Capital on its latest acquisition of shares in oil & gas group Santos.

The acquisition - done with ENN following the entering into of a relationship agreement between the parties - will see the Chinese gas distributor and private equity firm jointly hold a 15.1 per cent stake.

Hony Capital is a leading M&A focused private equity company with a track record of success in helping Chinese companies expand internationally.

The KWM team was led by partner Shaun McRobert, supported by Senior Associate David Jewkes.

Commenting on the deal, KWM partner Shaun McRobert said: "We were very pleased to again advise Hony on this strategic investment. We continue to build on our strong relationships in Asia for the long term benefit of our clients. Our vision is to continue our partnerships over the long term and ensure we deliver value to them both domestically and internationally".