Bapco Energies has invested in Kimmeridge Fund VII, the flagship fund of energy-focused asset manager Kimmeridge, through its corporate venture arm, BeVentures.
The transaction marks BeVentures’ first fund investment and establishes a strategic partnership between the two companies.
The collaboration will provide a framework to
explore opportunities across the natural gas and liquefied natural gas (LNG)
value chain, while offering potential future co-investment opportunities
aligned with Bahrain’s long-term energy priorities.
Mark Thomas, Group Chief Executive Officer
of Bapco Energies, said: “Engaging with leading organizations across the global
energy sector is an important part of how we strengthen our capabilities and
support our long-term objectives. Kimmeridge’s technical expertise and strong
presence in North America provide valuable perspectives as we continue to
advance the Group’s strategic priorities and support the Kingdom’s evolving
energy needs.”
Areije Al Shakar, Chief Executive Officer of
BeVentures, said: “This investment represents an important milestone for
BeVentures and reflects our focus on partnering with highly specialized
investors that bring deep sector expertise and differentiated market insight.
We look forward to working with Kimmeridge and exploring opportunities that
support long-term value creation while advancing our strategic objectives.”
Dr. Neil McMahon,
Co-Founder and Managing Partner at Kimmeridge, said:
“Our partnership with Bapco Energies marks a further step in Kimmeridge’s
commitment to the Middle East. We are proud to support the region’s energy
ambitions, contributing to economic growth and transformation, while creating
lasting value for our investors and partners.”
Fayçal Benjelloun, Managing Director and
Head of Middle East at Kimmeridge, said: “We are delighted to welcome Bapco
Energies as an investor and appreciate the trust placed in our team. We
continue to build enduring relationships with regional institutions through
close engagement and shared expertise, and look forward to working with the
Bapco team to explore opportunities across the natural gas and LNG value
chain.”
Through the partnership, Bapco Energies
will gain access to Kimmeridge’s natural gas and LNG expertise, proprietary research,
and sector specialists. -OGN/TradeArabia News Service
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