M&A Deal Summary

Merced Capital Acquires Telford Offshore

On February 20, 2023, private equity firm Merced Capital acquired oil/gas exploration company Telford Offshore

Acquisition Highlights
  • This is Merced Capital’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Merced Capital’s 1st transaction in United Arab Emirates.

M&A Deal Summary

Date 2023-02-20
Target Telford Offshore
Sector Oil/Gas Exploration
Buyer(s) Merced Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Telford Offshore

Dubai, United Arab Emirates
Telford Offshore operates five modern vessels: Telford 25, Telford 28, Telford 30, Telford 31 and Telford 34. Their DP3 capabilities and permanent walk-to-work systems allow them to benefit from safe and very high connectivity rates to fixed and mobile production installations, reducing downtime whilst on station. Their multi-purpose capabilities ensure that diverse operations can be undertaken by one vessel. Each vessel is able to provide accommodation services, subsea and topside heavy lift services, lay rigid and flexible pipe and carry out subsea construction. Telford Offshore is adaptable to client requirements and operates in the most challenging environments, delivering safe access to and support of offshore worksites. Telford Offshore is based in Dubai, United Arab Emirates.

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Buyer(S) 1

DESCRIPTION

Merced Capital is an opportunistic investment firm and advisor focused on a variety of strategies. Strategies include lending, insurance, equipment financing, and real estate. Merced Capital was established in 1988 and is based in Minnetonka, Minnesota.


DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
Country (United Arab Emirates) 1 of 1
Year (2023) 1 of 1