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Announced

3 Jun 2019

Prosafe terminates the acquisition of Floatel from Oaktree Capital.

Synopsis

Prosafe, an owner and operator of semi-submersible accommodation vessels, terminated the $120m acquisition of Floatel, which owns and operates a fleet of oil production platform vessels, from Oaktree Capital Management.

Principals

target

Floatel International

bidder

Prosafe

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Market Context

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Seller Team (5)

peter jacobsson

CEO at FLOATEL INTERNATIONAL

Manager

target

Deal

£ 90 M

Total Value

mads odeskaug

Associate at Wikborg Rein

Lawyer

target

Deal

£ 90 M

Total Value

tomas hjelmstierna

CFO at FLOATEL INTERNATIONAL

Manager

target

Deal

£ 90 M

Total Value

chris ong

Chairman at FLOATEL INTERNATIONAL

Manager

target

Deal

£ 90 M

Total Value

stuart stock

Senior Associate at Wikborg Rein

Lawyer

target

Deals

£ 3.10 B

Total Value

Bidder Team (7)

jesper kragh andresen

CEO at PROSAFE SE

Manager

bidder

Deal

£ 90 M

Total Value

glen ole rodland

Chairman at PROSAFE SE

Manager

bidder

Deal

£ 90 M

Total Value

kristoffer l dahle

Vice President at Clarksons Platou Securities

Financial Advisor

bidder

Deals

£ 413 M

Total Value

halvdan kielland

Analyst at Clarksons Platou Securities

Financial Advisor

bidder

Deals

£ 413 M

Total Value

viggo bang-hansen

Partner at Schjodt

Lawyer

bidder

Deals

£ 2.71 B

Total Value

stig harry christiansen

CFO at PROSAFE SE

Manager

bidder

Deal

£ 90 M

Total Value

henrik kulseng-hanssen

Head of Oil Services at Clarksons Platou Securities

Financial Advisor

bidder

Deals

£ 2.44 B

Total Value

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