Apollo Funds Agree to Buy Majority Stake in OEG Energy Group
March 28, 2025
Apollo funds and affiliates have agreed to acquire a majority stake in OEG Energy Group, an offshore energy solutions provider serving oil and gas and offshore wind. The deal values OEG at over $1 billion on a headline basis and is expected to close in Q2 2025, subject to regulatory approvals and other closing conditions.
- Targets
- OEG Energy Group
- Sellers
- Funds managed by the Power Opportunities strategy of Oaktree Capital Management, Other investors (not individually named)
- Industry
- Energy
- Location
- Spain
- Transaction Type
- Buyout
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