4D Global invests $17m in Aladdin Middle East
4D Global Energy Advisors has invested $17m in Aladdin Middle East, an oil and gas company with primary operations in Turkey, as part of a $20m funding round.
The equity investment was completed through 4D Global Energy Advisors' third fund, Fund III, which closed on $216m in 2010. The founders of Aladdin Middle East contributed the remaining capital in the $20m round and remain majority shareholders in the firm.
4D Global Energy Advisors was established by Société Générale Asset Management in 2001 to provide private equity investments in the worldwide hydrocarbon value chain.
Company
Founded in 1962 and with operational headquarters in Ankara, Aladdin Middle East is an oil and gas exploration and production company. It focuses on the exploration and exploitation of oil and gas assets in Turkey.
The firm's head office is located in Kansas.
People
Tighe Noonan is a partner at 4D Global.
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