McDermott Reinforces Technology Focus, Completes Minority Investment in Lummus Technology
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McDermott International, Ltd today announced that it has invested in Lummus Technology Holdings I LLC, a holding company of Lummus Technology. Under the terms of the share and asset purchase agreement for the sale of Lummus Technology—entered into with a joint partnership between Haldia Petrochemicals Ltd., a flagship company of The Chatterjee Group, and Rhône Capital (the "Joint Partnership") on January 21, 2020—McDermott was provided the option to purchase a minority common equity ownership interest in the entity purchasing Lummus. McDermott recently exercised its option.
Quick answer
Mcdermott raised an undisclosed amount in a funding round, dated March 8, 2021. Mcdermott is based in Houston, Texas, United States.
- How much did Mcdermott raise?
- Mcdermott raised an undisclosed amount in a funding round on March 8, 2021.
- What does Mcdermott do?
- McDermott is a premier provider of engineering and construction solutions to the energy industry.
- Where is Mcdermott based and how big is it?
- Mcdermott is based in Houston, Texas, United States.
- Who are the decision-makers at Mcdermott?
- Fundz holds 3 contacts at Mcdermott, including the CEO. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
Who else raised in Energy and Oil And Gas around the same time
Companies in the same sectors as Mcdermott that raised within 45 days of this round, from Fundz verified event records.
- EverGen Infrastructure raised $17M (Funding Round) on March 25, 2021.
- Peak Power raised an undisclosed amount on February 23, 2021.
- Lithium South Development raised $6K (Seed) on February 22, 2021.
- Lithium South Development raised $378K (Seed) on February 16, 2021.
- Rock Tech Lithium raised $3.2M on February 3, 2021.
- Peak Power raised an undisclosed amount (Funding Round) on January 26, 2021.
Who to call at Mcdermott, and when
A new round usually means Mcdermott is about to hire and buy. The teams that reach out first get the meeting.
- An alert the day Mcdermott raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Mcdermott, from your own LinkedIn network
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Related People
Mcdermott raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.
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