HOUSTON – Simmons & Co. International Ltd recently won a large oilfield services deal in the Middle East. The corporate finance advisors played a role in the acquisition of National Petroleum Services (NPS) by a consortium of investors led by the sovereign-backed investment firm Fajr Capital. The deal is valued in excess of $500 million and is believed to be the biggest oil services M&A transaction in the Middle East to date.
TheGulf Cooperation Council (GCC)-based consortium, led by Fajr Capital, includes Arab Petroleum Investments Corp. (APICORP) and other regional institutional investors.
Simmons’ expanding team in Dubai is supported by its Eastern Hemisphere headquarters in Aberdeen, UK.