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Announced

Prosafe terminates the acquisition of Floatel from Oaktree Capital.

Financials

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Transaction Value£90m
Consideration TypeOrdinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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offshore oil equipment

Private

Acquisition

Merger

Sweden

Offshore Drilling and Other Services

Friendly

Single Bidder

Failed

Private Equity

Synopsis

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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.

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