Herbert Smith Freehills Kramer is a world-leading global law firm, where our ambition is to help you achieve your goals. Exceptional client service and the pursuit of excellence are at our core. We invest in and care about our client relationships, which is why so many are longstanding. We enjoy breaking new ground, as we have for over 170 years. As a fully integrated transatlantic and transpacific firm, we are where you need us to be. Our footprint is extensive and committed across the world’s largest markets, key financial centres and major growth hubs. At our best tackling complexity and navigating change, we work alongside you on demanding litigation, exacting regulatory work and complex public and private market transactions. We are recognised as leading in these areas. We are immersed in the sectors and challenges that impact you. We are recognised as standing apart in energy, infrastructure and resources. And we’re focused on areas of growth that affect every business across the world.
Leading global law firm Herbert Smith Freehills Kramer has advised MB Group on the sale of 80% of its oilfield services subsidiary, MB Petroleum Services MENA (MBPS), to ADNOC Drilling...
United States
Leading global law firm Herbert Smith Freehills Kramer has
advised MB Group on the sale of 80% of its oilfield services
subsidiary, MB Petroleum Services MENA (MBPS), to ADNOC Drilling,
with MB LLC retaining a 20% stake of MBPS.
This strategic sale represents a pivotal moment in MB
Group's journey as a diversified private investment house. It
follows over four decades of growth for MBPS, which has been
instrumental in shaping the oilfield services industry across Oman
and the wider MENA region.
The Herbert Smith Freehills Kramer team was led by Head of
Middle East Corporate Chris Walters, and included Corporate partner
Anna Szyndler, senior associates Andrew El-Khoury and Nicola
Halliday, and associates Alex Hamilton and Kim Shepherd. The team
also included Tax partner Josh Lom and senior associate James
Tryfonos, and Competition, Regulation and Trade partners Kyriakos
Fountoukakos and Camille Puech-Baron.
Head of Middle East Corporate Chris Walters commented:
"This sale represents an important step in MB Group's
growth journey, and we are delighted to have been able to help them
along the way. This transaction underscores the strength of our
cross-practice capabilities in the energy sector and our ability to
successfully advise clients on multi-jurisdictional M&A
transactions."
Contributor
Herbert Smith Freehills Kramer is a world-leading global law firm, where our ambition is to help you achieve your goals. Exceptional client service and the pursuit of excellence are at our core. We invest in and care about our client relationships, which is why so many are longstanding. We enjoy breaking new ground, as we have for over 170 years. As a fully integrated transatlantic and transpacific firm, we are where you need us to be. Our footprint is extensive and committed across the world’s largest markets, key financial centres and major growth hubs. At our best tackling complexity and navigating change, we work alongside you on demanding litigation, exacting regulatory work and complex public and private market transactions. We are recognised as leading in these areas. We are immersed in the sectors and challenges that impact you. We are recognised as standing apart in energy, infrastructure and resources. And we’re focused on areas of growth that affect every business across the world.
