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Simmons & Co makes biggest oilfield services deal in the Middle-east


Published Jul 2, 2014
Nick Dalgarno

Simmons & Company International Ltd, has advised on one of the biggest oilfield services deals in the Middle-east. The corporate finance advisers to the energy industry played a key role in the acquisition of National Petroleum Services (NPS) by a consortium of investors led by sovereign-backed investment firm Fajr Capital. The deal, which completed today, is valued in excess of $500 million and believed to be the biggest oil services M&A transaction in the Middle-east to date.

The GCC-based consortium, led by private equity firm Fajr Capital, includes Arab Petroleum Investments Corporation (APICORP) and other regional institutional investors. NPS currently employs 1,300 people and operates in Saudi Arabia, UAE, Qatar, Iraq, Malaysia and North Africa.

Tags: Simmons & Company International Limited




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