Add-on Acquisition • Energy Services and Equipment

Acteon Acquires Viking Moorings

On December 4, 2017, Acteon acquired energy services and equipment company Viking Moorings from HSBC Private Equity UK

Acquisition Context
  • This is Acteon’s 4th transaction in the Energy Services and Equipment sector.
  • This is Acteon’s 5th transaction in the United Kingdom.

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M&A Deal Summary

Date December 4, 2017
Target Viking Moorings
Sector Energy Services and Equipment
Buyer(s) Acteon
Sellers(s) HSBC Private Equity UK
Deal Type Add-on Acquisition

Target Company

Viking Moorings

Aberdeen, United Kingdom
Viking Moorings is a provider of mooring solutions to the oil and gas sector for key assets such as semi-submersible drilling rigs, drillships and floating accommodation platforms. The services which Viking provides include initial design and engineering assessments, computer modelling and simulation, procurement of equipment, mobilisation, equipment rental and demobilisation through to spooling and equipment testing. Viking Moorings was founded in 1985 and is based in Aberdeen, United Kingdom.
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Buyer Overview 1

Buyer

Acteon

Norwich, United Kingdom

Category Company
Founded 1989
Sector Energy Services and Equipment
Employees2,000
DESCRIPTION

Acteon is a global oilfield services provider focusing on the provision of subsea services and products. Acteon was founded in 1989 and is based in Norwich, United Kingdom.


Deal Context for Buyer #
Overall 7 of 7
Sector: Energy Services and Equipment 4 of 4
Type: Add-on Acquisition 6 of 6
Country: United Kingdom 5 of 5
Year: 2017 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-16 Mirage Machines

Derby, United Kingdom

Mirage Machines Ltd. is a designer and manufacturer of portable machine tools. Mirage Machines was founded in 1993 and is based in Derby, United Kingdom.

Sell $16M

Seller Profile 1

SELLER

HSBC Private Equity UK

London, United Kingdom

Category Private Equity Firm
Founded 2007
Size Small
Type Sector Agnostic
DESCRIPTION

HSBC Private Equity UK (HPE) is the UK mid-market private equity investment business of the HSBC Group. HPE focuses on partnering with management teams and clients of HSBC Bank in management buyout, replacement capital and development capital opportunities with an equity requirement from £10 million and enterprise values of £20 to £300 million. HPE will consider opportunities in a wide range of sectors, including software, business services, energy services/equipment, and technology. HPE was formed in 2007 and is based in London, HSBC Capital has become Graycliff partners on Dec 2011.


Deal Context for Seller #
Overall 3 of 3
Sector: Energy Services and Equipment 1 of 1
Type: Add-on Acquisition 1 of 1
Country: United Kingdom 3 of 3
Year: 2017 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-15 Britton Group

Winsford, United Kingdom

Britton Group is a flexible packaging business in Europe, producing 80,000 tonnes of plastic film and converted products each year.

Sell £90M