Home » Dubai Investors »


|| Abraaj Capital to buy part of US TransAtlantic Petroleum for $164 million

abraj-trans.jpgDubai's private equity firm Abraaj Capital is part of a consortium in talks to acquire the oilfield services businesses of U.S.-based TransAtlantic Petroleum for $164 million

Abraaj and Dalea Partners, a private equity firm in Texas, are buying Viking International Limited and Viking Geophysical Services, TransAtlantic's oilfield services subsidiaries.

Abraaj Capital is listed in the Middle East Investors Directory with the code OR01.

More details follows:

Abraaj Capital, the leading private equity firm in emerging markets, today announced that a consortium consisting of funds advised by Abraaj Investment Management Limited (“Abraaj”, an affiliate of Abraaj Capital) and Dalea Partners, LP (“Dalea”, an affiliate of N. Malone Mitchell, 3rd) has entered into a non-binding letter of intent to acquire the oilfield services business of listed TransAtlantic Petroleum Ltd. (“TAT”, TSX: TNP; NYSE-AMEX: TAT), which is substantially comprised of TAT’s wholly owned subsidiaries Viking International Limited and Viking Geophysical Services, Ltd. (together “Viking”).

Viking is a fully integrated oilfield service company committed to providing services to the oil and gas industry with the goal of exceeding the exploration needs of operators. Viking currently maintains operations within the regions of Turkey, Bulgaria, and Romania, with expansion plans into geographically strategic underserviced emerging markets. Services are available in a variety of forms, ranging from single service jobs to total project management in which contracts can be tailored from day-rate to complete turnkey contracts.

“The proposed transaction presents an opportunity to back a strong management team with a proven track record in a growing industry. Working with N. Malone Mitchell, 3rd, who has more than 25 years of experience and a demonstrated track record in the oilfield services sector, Abraaj Capital will facilitate and support Viking management in expanding its footprint across its target markets,” said Ahmed Badreldin, Senior Partner at Abraaj Capital.



Previous Post: Dubai private equity firm and CVCI acquired stake in supermarket chain for $100 million
Next Post: Dubai's Al Habtoor to acquire hotel in Budapest for $80 million

More from Dubai Investors ...


  Middle East investors acquired stake in online firm Bloovo.com for $3 million (June 2017)

  Dubai investors of GII acquired stake in Canadian firm Nymi for $15 million (May 2017)

  Dubai firm acquired 51% of fashion website Namshi for $151 million (May 2017)

  Middle East investors acquired Amazon’s largest UK distribution warehouse for $76 million (April 2017)

  Dubai private equity firm invested $50 million in South American home designer (March 2017)

  Dubai deVere Group acquires private bank in the Caribbean (February 2017)

  Dubai investment firm acquired California shopping center Poinsettia Plaza (February 2017)

  Dubai investors of Delta Partners led investment of $20 million in Knowlarity (January 2017)

  Dubai investors of Enspire acquired stake in Swedish firm Plantagon (November 2016)

  Dubai investment firm acquired stake in digital music service Anghami (November 2016)




|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.


|| Subscribe















Copyright 2007-2017 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   Facebook    Twitter