/PRNewswire/ Pelican Energy Partners, a private equity fund focused on the energy service and equipment sector, is pleased to announce it has acquired Iron.
Two Louisiana technology companies that are meeting challenges accelerated by the COVID pandemic sold in November. One is focused on education and the other in supply chain management.
The transaction closely aligns with Alpha Dhabi’s long-term investment and expansion strategy to expand into international markets and diversify its growing portfoli.
ABU DHABI, 2nd November, 2022 (WAM) Alpha Dhabi Holding PJSC (Alpha Dhabi) announced that it has acquired a 25 percent stake in Gordon Technologies, a leading provider of MWD (Measurement While Drilling) technology to the oil and gas industry for AED 602 million.
Chimera Capital acted as sole financial advisor to Alpha Dhabi Holding on the transaction.
Founded in 2014, Gordon Technologies is majority owned by private equity firm Pelican Energy Partners and its management team – including the founder – who will remain.