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Taylor Wessing Advises GA Drilling on Investment from Nabors Industries

Taylor Wessing Advises GA Drilling on Investment from Nabors Industries

Slovakia
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Taylor Wessing has advised Slovakia's GA Drilling on an EUR 8 million investment from US-based Nabors Industries.

GA Drilling is a Slovak technology startup operating in the field of geothermal energy. US-based Nabors Industries is a drilling company.

According to Taylor Wessing, “under the investment agreement, Nabors Industries will support GA Drilling's activities by making a financial investment and also by providing professional services in connection with the development of the Plasmabit technology, in return for which Nabors Industries will have the right to acquire equity shares in GA Drilling.”

Taylor Wessing previously advised GA Drilling on its 2017 investment round (as reported by CEE Legal Matters on October 12, 2017).

Taylor Wessing’s team included Partner Juraj Frindrich, Senior Associate Peter Kanuch, and Junior Associate Kristina Kesnerova.

Taylor Wessing did not respond to our inquiry on the matter.