Baker McKenzie acted as lead legal adviser to private equity firm Rhône Capital and its affiliate Wellbore Integrity Solutions (WIS) on the $400 million acquisition of the drilling and fishing businesses from Schlumberger, a global oilfield services company, in 25 jurisdictions across the Americas, Europe, Asia, the Middle East and Africa.
The acquisition includes the businesses and associated assets of DRILCO, Thomas Tools, and Fishing & Remedial services, along with manufacturing operations in Houston, Texas and gives WIS close to 1,100 employees globally.
Commenting on the deal, Baker McKenzie Partner Marcos Basso said, “We are thrilled to represent and partner with Rhône Capital and WIS on this complex acquisition that expands their global footprint. This successful transaction is the result of a fully collaborative approach among a core team of very experienced Baker attorneys and showcases the unrivaled ability of our Firm to act seamlessly and efficiently to negotiate, structure and implement high-value complex transactions across the world and industries for our sophisticated clients. ”
About Baker McKenzie
Baker McKenzie is one of the leading firms for cross-border transactions, providing strategic advice on deals involving the world’s leading financial institutions and multinational companies. From deal inception to business integration, we provide an end-to-end service that helps clients bridge the gap between aspiration and achievement.
The Firm leads and closes three deals a day with expertise spanning banking and finance, capital markets, corporate finance, funds, M&A, private equity and projects. The combination of deep sector expertise, and our ability to work seamlessly across each of the countries where we operate, means we add unique value in shaping, negotiating and closing the deal.