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New Deal


Announced

Butler Industries to acquire Seaowl from Cathay Capital.

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

Acquisition

Pending

Friendly

France

Maintenance Repair and Overhaul (MRO)

Domestic

marine maintenance

Majority

maintenance services

Single Bidder

Private Equity

Synopsis

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Butler Industries, an investment company, agreed to acquire Seaowl, a provider of technical assistance, facility and ship management services to major oil and gas companies as well as to the French government, from Cathay Capital, a private equity firm. Financial terms were not disclosed. This new acquisition by Butler Industries is in line with its investments over the past 30 years. It allows our Group not only to pursue serenely the development of our projects of High Tech added value but above all to give them the “boost” necessary to achieve the ambitious objectives that are ours.

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