H2 Equity Partners Invests in Motive Offshore Group

One Equity Partners Acquires EthosEnergy

August 28, 2024

Industrial Services

One Equity Partners (OEP), a middle market private equity firm, has acquired EthosEnergy, a global independent service provider for rotating equipment serving power generation, energy, industrial and aerospace & defense markets. The transaction supports EthosEnergy's growth as demand for maintenance, repair and overhaul (MRO) and outsourced operations & maintenance rises amid secular tailwinds in gas power and broader electrification trends.

McIntyre Partners Acquires Moreld Group

January 8, 2024

Energy

McIntyre Partners, alongside specialist private equity firm Velocity Partners and Moreld management, has acquired the core business of Norway-based Moreld Group from funds managed by HitecVision. Moreld is an offshore engineering and marine services group with ~NOK5 billion (c. US$484m) revenue in 2023 and ~2,800 employees; the acquisition positions the buyers to benefit from increased investment in offshore activity, decarbonisation and renewables on the Norwegian Continental Shelf.

Motive Capital Corp Completes Business Combination with Forge Global (Forge Global Holdings, Inc.)

March 22, 2022

Financial Services

Motive Capital Corp, a SPAC sponsored by Motive Partners, completed a business combination with Forge Global, taking the private securities marketplace public under the new name Forge Global Holdings, Inc. The transaction closed March 21, 2022 (shares began trading March 22, 2022) and provided Forge with roughly $215.6 million of gross proceeds to fund growth, accelerate its technology platform and expand its marketplace and data services.

One Equity Partners Acquires Acteon Group

March 27, 2024

Energy

One Equity Partners, with co-investor Buckthorn Partners, has acquired U.K.-based Acteon Group, a specialist provider of engineering and data-driven services for offshore energy infrastructure. The investors plan to invest in and reposition Acteon to expand its capabilities across survey, foundations, moorings, decommissioning and consulting engineering, with a particular focus on offshore renewables (wind); financial terms were not disclosed.

Motive Partners Acquires Majority Stake in With Intelligence

July 20, 2023

Data & Analytics

Funds advised by Motive Partners have acquired a majority stake in With Intelligence, a provider of investment data and analytics for the asset management industry. Intermediate Capital Group (ICG) will remain a shareholder and invest alongside Motive; the investment will accelerate With Intelligence's data strategy, product development and expansion into new asset classes.

Equinor and SSE Thermal Acquire Triton Power from Energy Capital Partners

June 28, 2022

Energy

Equinor and SSE Thermal have completed the £341 million acquisition of Triton Power from Energy Capital Partners, forming a 50:50 joint venture to own Triton. The deal includes the 1.2 GW Saltend Power Station and positions the buyers to decarbonise flexible power generation — including plans to prepare Saltend to run on up to 30% hydrogen from 2027 and eventual conversion to hydrogen — while supporting Equinor's H2H Saltend hydrogen project.