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New Deal


Announced

Blue Water-backed 3t Energy Group to acquire Petrofac's UK training centres.

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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Private Equity

Pending

Majority

Private

Single Bidder

Friendly

training centre

Acquisition

United Kingdom

Education Services

Domestic

Synopsis

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Blue Water Energy-backed 3t Energy Group, a connected platform of cloud-based training and competency software and technology, agreed to acquire the UK training centres of Petrofac, a British provider of oilfield services. Financial terms were not disclosed. “Buying Petrofac’s UK in-person training presence was an excellent opportunity that we had to explore. It allows us to extend our customer offering and demonstrates our commitment to providing the very best training to the energy industry. With Petrofac’s strong training pedigree and world-class staff, the acquisition both broadens and strengthens our market leading offer,” Kevin Franklin, 3t Energy Group CEO.

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