M&A Deal Summary

Ithmar Capital Acquires NEOS GeoSolutions

On January 1, 2008, private equity firm Ithmar Capital acquired oil/gas exploration company NEOS GeoSolutions

Acquisition Highlights
  • This is Ithmar Capital’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Ithmar Capital’s 1st transaction in the United States.
  • This is Ithmar Capital’s 1st transaction in Texas.

M&A Deal Summary
Date 2008-01-01
Target NEOS GeoSolutions
Sector Oil/Gas Exploration
Buyer(s) Ithmar Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

NEOS GeoSolutions

Houston, Texas, United States
NEOS GeoSolutions, Inc. is a service provider of proprietary technology to identifying natural resource deposits (mainly hydrocarbons).

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Buyer(S) 1

Buyer

Ithmar Capital

Dubai, United Arab Emirates

Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Ithmar Capital is a private equity firm that looks for growth capital and buyout investments throughout the Middle East. Ithmar is a generalist investor and will consider opportunities in distribution, consumer-related franchising and retail, financial services, education, healthcare, media, communications, oil and gas, and water desalination. Ithmar Capital is based in Dubai.

DEAL STATS #
Overall 3 of 5
Sector (Oil/Gas Exploration) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 4
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2008) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-22 Mushrif

Rumaithya, Kuwait

Mushrif is a civil construction and infrastructure company with almost five decades of experience in Kuwait and the Gulf region, and a solid track record of quality construction. It operates efficiently across the full infrastructure cycle, which includes designing, building, managing, developing, operating, and maintaining infrastructure assets. Mushrif was formed in 1968 and is based in Rumaithya, Kuwait.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-05 Dewan Architects & Engineers

Abu Dhabi, United Arab Emirates

Dewan Architects & Engineers is a architecture design & supervision firm with operations in UAE, Saudi Arabia, Iraq and Libya.

Buy -
Mergr

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