BUENOS AIRES, Argentina –Valle Silencioso SA, a company managed by Sophia Capital, has acquired 50% of the outstanding shares of SO-4 Ltd. from 4D Global Energy Investments Plc. With this transaction, Valle Silencioso S.A. will now beneficially own 60% of the outstanding capital stock of Fineglade Ltd., the holding and controlling company for the Socotherm Group.
Sources related to Sophia Capital said: “We are very pleased with this transaction as Socotherm Group continues to enhance its position as one of the world’s leading companies in pipeline coatings and global leader for subsea thermal insulation coating. We expect Socotherm to continue focusing on helping its core clients to be even more efficient and competitive through leading-edge technology, top quality products, highly reliable services, and safe operations.”
Sophia Capital is a private investment group with focus in Latin America. With this transaction, Sophia Capital has become an active player in the oil services sector. Socotherm Group is a global leader in pipe coating for the oil and gas sector and has operations in the US, Italy, West Africa, and Latin America.