SGAM/4D Global Energy Development Capital Fund becomes shareholder
of Geoservices
Posted: 07 February 2004
Geoservices S.A. announced the SGAM/4D Global Energy Development
Capital Fund plc acquired 5.5 per cent of its outstanding share
capital from its two main shareholders, Groupe Geofinance and IFP
Investments, whose holdings now stand at 59.7 per cent et 33.9 per
cent respectively.
SGAM/4D Global Energy Development Capital Fund is the first European
private equity fund exclusively dedicated to investing in private
companies active in the oil and gas value chain.
Its US$81m capital will be invested in private companies active
in the four segments of the oil and gas industry: production; transportation
and logistics; refining and distribution; and services and technology.
Geoservices is the Fund’s second portfolio investment.
Geoservices is headquartered close to Paris, France and provides
a range of oil field services that help oil and gas companies to
evaluate hydrocarbon reservoirs and optimise field appraisal, development
and production.
These services are offered worldwide through a network of some
60 bases in over 50 countries, and are grouped into four main business
segments: Mud Logging (world leader); Well Intervention; Well Testing;
and Field Surveillance.
The Fund’s investment occurs in a period when Geoservices
expects to grow its less cyclical business, and more especially
its Well intervention activity, internationally, organically and
through selected acquisitions
For more information see www.geoservices.com
Posted by Richard Price,
Editor Pipeline Magazine
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