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Challenger Limited
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Challenger Ltd is a provider of contract oil and gas land drilling and workover services. History Challenger is based in the Middle East and North Africa (MENA) region, and the company Chairman is Hassan Tatanaki. VC Bank Acquisition In 2006, Venture Capital Bank (VC Bank), a Bahrain-based investment bank, along with its partner, the U.S. private equity firm Global Emerging Markets (GEM), acquired a significant stake in Challenger. The acquisition cost roughly $50 million and was co-financed by VC Bank and GEM. This transaction demonstrated that the MENA region contains several attractive, yet obscured, investment opportunities represented in privately held companies such as Challenger. |
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