backKing & Spalding has represented Enersol – a joint venture between Abu Dhabi-based ADNOC Drilling Company PJSC and Alpha Dhabi Holding PJSC – on its agreement to acquire a 95% equity stake in Deep Well Services (DWS).
DWS specializes in advanced technologies and services within the energy sector with operations focused in the Americas and an expanding joint venture in the Kingdom of Saudi Arabia. The acquisition represents a material strategic addition to Enersol’s next-generation energy technology portfolio.
The King & Spalding team included lawyers from the Abu Dhabi, Houston, Chicago, Washington D.C., and Dubai offices, including Matt Hartsuyker, Jonathan Newton, Mitch Tiras, Simon Fraser, Jake Downing, Sydney Lampard, Jill McWhirter, Andrew Ketner, Chris Travis, Erin Horan Mendez, Austin Sanders, Karen Shriver, and Jamie Kershaw.
Commenting on the transaction, Partner Matt Hartsuyker said, “We are proud to have been entrusted to advise Enersol on this important, strategic acquisition into the U.S. This transaction is another in a recent string of significant investments by our Middle East clients into the Americas. These complex cross-border transactions into the Americas showcase a particular strength of our global M&A team, including our fast growing on-ground team in the Middle East.”
More information can be found here.