M&A Deal Summary

HPEF Capital Partners Acquires Kreuz

On February 1, 2014, private equity firm HPEF Capital Partners acquired energy services and equipment company Kreuz for 446M SGD

Acquisition Highlights
  • This is HPEF Capital Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is HPEF Capital Partners’ largest (disclosed) transaction.
  • This is HPEF Capital Partners’ 1st transaction in Singapore.

M&A Deal Summary

Date 2014-02-01
Target Kreuz
Sector Energy Services and Equipment
Buyer(s) HPEF Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 446M SGD
Advisor(s) Rippledot Capital Advisers Pte. Ltd. (Financial)

Target

Kreuz

Singapore, Singapore
website
Kreuz is an integrated subsea services provider to the offshore oil and gas industry providing subsea construction and installation solutions and inspection, repair and maintenance services for offshore oil and gas projects and facilities. Kreuz is based in Singapore.

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Buyer(S) 1

Buyer
DESCRIPTION

HPEF Capital Partners Limited is a private equity fund manager with roots from HSBC. The Firm is a generalist investor and looks to invest throughout the Asia/Pacific region. HPEF was originally established in 1989 and became independent of HSBC in 2010. HPEF is based in Hong Kong.


DEAL STATS #
Overall 1 of 1
Sector (Energy Services and Equipment) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
Country (Singapore) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-21 The Executive Centre

Hong Kong, China

The Executive Centre provides serviced offices, virtual office representation services, meeting and conference facilities, and business concierge services to multinational corporations, small and medium enterprises, and start-ups. The Executive Centre was founded in 1994 and is based in Hong Kong.

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