ORLANDO, Fla., July 18, 2013 /PRNewswire/ -- This investment opportunity shared by both the oilfield equipment manufacturer and Capital Corp Merchant Banking will allow the manufacturer to increase production and develop a new land rig equipment and servicing business. The company already has integrated engineering capabilities and a strong customer mix that includes some of the world's top oil companies.
The oil and gas industry at large remains profitable today due to ever increasing demands worldwide for gas & oil. While the global oil and gas exploration and production industry is expected to generate $4.5 trillion in revenue in 2013, the oil and as drilling industry (essentially the manufacturer's clients) experienced solid growth during the past 5 years and is forecast to reach an estimated $136 billion in 2017. In the manufacturer's own market of gas & oil drilling products and services, global spending in 2010 totaled $66.4 billion and continues to be an ever expanding market.
The method by which this project is to be funded is the brainchild of Gilles Herard. Mr. Herard is a seasoned merchant banker and has been in the banking industry for 38 years. As the head of Capital Corp Merchant Banking, Mr Herard has become a leading figure in international middle-market project financing and engineers all funding structures for projects at Capital Corp and has received numerous awards for his work and other contributions.
About Capital Corp Merchant Banking: Capital Corp Merchant Banking offers quality Merchant Banking services for a variety of projects worldwide. Capital Corp Merchant Banking is solution-oriented and known for being the most flexible Funding Source on the Market in creating handcrafted investment structures to meet the needs of the different constituent groups in each individual transaction. Capital Corp Merchant Banking offers many services: Project Financing, including for gas & oil projects, business debt restructuring, Consulting, Negotiating Services, Acquisitions, and Investment Approach.
SOURCE Capital Corp Merchant Banking