Announced
Financials
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Private
Cross Border
Disposal
Private Equity
Netherlands
Friendly
Acquisition
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inspection services
Oil Equipment and Services
testing inspection and certification
Synopsis
Fremman Capital, a private equity firm, agreed to acquire a stake in Veritas Petroleum Services, a fuel management company, from IK Investment Partners, an investment firm, for $200m. "IK has supported us in developing a new sales strategy, investments in additional laboratory equipment and multiple acquisitions, enabling us to better serve our clients, which in turn creates a positive ecological impact," Malcolm Cooper, VPS CEO.
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