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New Deal


Announced

EQT to acquire Altus Intervention.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Private Equity

Friendly

Oil Equipment and Services

Single Bidder

Private

Acquisition

Pending

Norway

oil equipments

Majority

Synopsis

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EQT, a private equity firm, agreed to acquire Altus Intervention, a provider of well intervention services and well tractor conveyance technology to the oil & gas industry. Financial terms were not disclosed. “Altus Intervention’s management team has played an instrumental role in developing a clear technology and service quality leader over the past few years. We believe Altus Intervention is well equipped to continue its operational development under its new ownership," Anders Misund, EQT Partners Partner.

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