Altus Intervention Management Acquires Altus Intervention from EQT VI
September 3, 2020
EQT VI has signed a definitive agreement to exit Oz MidCo AS (Altus Intervention) to members of Altus Intervention's management team in a transaction supported by a bank consortium. Headquartered in Stavanger, Norway, Altus Intervention is a leading provider of well intervention services and down-hole technology with ~1,100 employees and operations across ten countries; the transaction is expected to close in Q3 2020 and financial terms were not disclosed.
- Buyers
- Members of Altus Intervention management team
- Targets
- Altus Intervention
- Sellers
- EQT VI (EQT Partners)
- Industry
- Oil & Gas
- Location
- Rogaland, Norway
- Transaction Type
- Divestiture
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