Addleshaw Goddard advises Actuant

The firm has advised Actuant Corporation on the acquisition of the Middle Eastern, North African and Caspian division of FourQuest Energyfor USD60 million.

The acquisition centred on FourQuest's business in the United Arab Emirates, Saudi Arabia, Kuwait, Oman, Qatar, Kazakhstan and Algeria.The acquisition is part of a growth strategy for NYSE-listed Actuant and enhances the business's current offering in one of its four key growth markets.  The FourQuest business will form part of Actuant's Hydratight division.

The Addleshaw Goddard team was led by Andrew Johnston and Darren Harris with assistance from Amun Bashir, all of whom are part of AG's M&A and private equity team in Dubai.