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Deep Drilling Company Closes USD 8 Million Financing from AFIG Funds

Deep Drilling Company Closes USD 8 Million Financing from AFIG Funds

Company Background

Deep Drilling Company (DDC) is a drilling services contractor focused on West Africa’s mining industry. The company provides a range of drilling services, including diamond, reverse circulation, geotechnical, and environmental drilling. DDC has grown rapidly to a dominant position in Mauritania’s drilling market, and also has a presence in Guinea and Algeria.

 

Transaction Summary

Geography

Mauritania

Industry

Mining Services

Investment Date

July 2011

Investment Amount

$8 million

Please click on the following link to access our press release on this investment: http://www.ruralbrand.co.za/afig_funds/press-2011/deep-drilling-company-closes