M&A Deal Summary

Millennium Offshore Services Superholdings Acquires Workfox BV

On November 10, 2014, Millennium Offshore Services Superholdings acquired energy services and equipment company Workfox BV from NPM Capital

Acquisition Highlights
  • This is Millennium Offshore Services Superholdings’ 1st transaction in the Energy Services and Equipment sector.
  • This is Millennium Offshore Services Superholdings’ 1st transaction in the Netherlands.

M&A Deal Summary

Date 2014-11-10
Target Workfox BV
Sector Energy Services and Equipment
Buyer(s) Millennium Offshore Services Superholdings
Sellers(s) NPM Capital
Deal Type Add-on Acquisition

Target

Workfox BV

Hoofddorp, Netherlands
Workfox BV manages and operates accommodation and multi-support units on behalf of Owners at offshore energy exploration sites around the world. The company operates its own fleet of five jack-up rigs (platforms), which are used during start-ups, modification, maintenance and decommissioning of offshore oil and gas platforms.

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Buyer(S) 1

Buyer

Millennium Offshore Services Superholdings

Ajman, United Arab Emirates

Category Company
Founded 2007
Sector Oil/Gas Exploration
DESCRIPTION


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Netherlands M&A 1 of 1
Year: 2014 M&A 1 of 1

Seller(S) 1

SELLER

NPM Capital

Amsterdam, Netherlands

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1948
PE ASSETS 1.0B EUR
Size Large
Type Sector Agnostic
DESCRIPTION

NPM Capital is a unit of family owned holding company, SHV Holdings, set-up to invest in and acquire medium-sized Dutch companies. Prospective opportunities are typically family-owned companies or divisions of of large corporations. NPM will consider both majority and minority positions in companies valued between EUR35 to EUR300 million. The Firm looks at businesses in all sectors of the Dutch economy. NPM Capital was originally established in 1948 and is based in Amsterdam.


DEAL STATS #
Overall 15 of 40
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 7 of 19
Country: Netherlands M&A 13 of 38
Year: 2014 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-23 Iddink Groep B.V.

Ede, Netherlands

Iddink Groep B.V. is a distributor of school books and digital learning materials for school articles and school facilities in the Netherlands and abroad.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-02 Prins Autogassystemen BV

Eindhoven, Netherlands

Prins Autogassystemen BV is a developer of high quality alternative fuel systems powered by liquefied petroleum gas (LPG or propane), compressed natural gas (CNG), and liquefied natural gas (LNG) for light, medium, and heavy-duty applications.

Sell €12M