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May 21, 2014

King & Spalding Advised Arcapita in the Sale of Varel International to Sandvik


King & Spalding advised Varel International Energy Services, Inc., a portfolio company of King & Spalding client Arcapita Bank, on its sale to Sandvik AB, a Swedish high-technology engineering group publicly traded on the Stockholm Stock Exchange. The transaction, which is valued at approximately $740 million, was closed on May 21, 2014.

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