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Latham & Watkins Advises Lime Rock Partners in Ardyne’s Strategic Partnership With Weatherford
December 7, 2022
A cross-border private equity team represents Lime Rock Partners in connection with its portfolio company Ardyne, which delivers downhole products and services for plug and abandonment and slot recovery operations in the global oil and gas sector.
Weatherford International plc (NASDAQ: WFRD) announced a strategic partnership with Ardyne, a leader in specialized well-decommissioning technology. This agreement will enable Weatherford and Ardyne to deliver significant value to customers globally by offering the industry’s most comprehensive portfolio of Plug & Abandonment and Slot Recovery solutions.
Latham & Watkins LLP represents Lime Rock Partners, a private equity firm focused solely on the upstream oil and gas sector of which Ardyne is a portfolio company, in the transaction with a cross-border corporate deal team led by Houston private equity and M&A partner Bruce Herzog and London private equity and M&A partner Beatrice Lo, with Houston associate Omar Shariff.