M&A Deal Summary

Apollo Global Management Acquires OEG

On March 19, 2025, asset manager Apollo Global Management acquired energy services and equipment company OEG from Oaktree Capital Management

Acquisition Highlights
  • This is Apollo Global Management’s 8th transaction in the Energy Services and Equipment sector.
  • This is Apollo Global Management’s 11th transaction in the United Kingdom.

M&A Deal Summary

Date 2025-03-19
Target OEG
Sector Energy Services and Equipment
Buyer(s) Apollo Global Management
Sellers(s) Oaktree Capital Management
Deal Type Secondary Buyout
Advisor(s) White & Case (Legal)

Target

OEG

Aberdeen, United Kingdom
OEG provides core services across the offshore energy ecosystem, delivering development and operations solutions to oil & gas (O&G) and wind end markets. OEG is based in Aberdeen, Scotland.

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Buyer(S) 1

Buyer

Apollo Global Management

New York, New York, United States

Investor Investor Investor Investor


Category Asset Manager
Founded 1990
PE ASSETS 45.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apollo Global Management is a global alternative investment firm. The Firm segments its activity between private equity, capital markets, real estate, and publicly traded investment funds. Within private equity, Apollo targets traditional buyouts, distressed situations, as well as minority investments to help companies make acquisitions or fund other needs. Sectors of interest include chemicals, commodities, consumer/retail, distribution, transportation, financial services, business services, manufacturing, industrial, media/cable/leisure, packaging, and satellite/wireless. Apollo's geographic coverage spans Europe, North America, and Asia. Apollo manages publicly traded Apollo Investment Corporation, which provides equity and junior capital to middle-market companies, as well as Apollo Commercial Real Estate Finance, Inc. Apollo Global Management was formed in 1990 and is based in New York City.


DEAL STATS #
Overall 143 of 143
Sector (Energy Services and Equipment) 8 of 8
Type (Secondary Buyout) 32 of 32
Country (United Kingdom) 11 of 11
Year (2025) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-14 Covis Pharma

Luxembourg, Luxembourg

Covis Pharma is a global specialty pharmaceutical company that markets therapeutic solutions for patients with life-threatening conditions and chronic illnesses. Covis is focused on marketing and distributing an array of branded products used to treat chronic and life-threatening medical issues and improve patient outcomes in various therapeutic areas including respiratory, cardiovascular, gastroenterology, and central nervous system diseases. Covis Pharma was founded in 2011 and is based in Luxembourg, Luxembourg.

Sell -

Seller(S) 1

DESCRIPTION

Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.


DEAL STATS #
Overall 86 of 86
Sector (Energy Services and Equipment) 5 of 5
Type (Secondary Buyout) 26 of 26
Country (United Kingdom) 7 of 7
Year (2025) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-03-13 ProService

Warsaw, Poland

ProService is a provider of technology services and solutions to mutual and pension funds, insurance companies, and banks. The Company offers a variety of services including transfer agent, asset valuation, fund distribution, asset management, corporate accounting, manage Services, and IT solutions. ProService was founded in 1994 and is based in Warsaw, Poland.

Sell -