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Announced

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First Reserve to acquire a minority stake in Venterra Group.

Synopsis

First Reserve, a private equity firm, agreed to acquire a minority stake in Venterra Group, a wind energy equipment company. Financial terms were not disclosed. "Venterra has exactly the investment profile of companies we want to back: an accomplished and entrepreneurial management team creating a platform in an industry facing steep demand growth. We are honored to support Ayman and his team, and we look forward to working together to successfully drive a value creation opportunity for all stakeholders," Alex Krueger, First Reserve President and CEO.

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