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New Deal


Announced

Completed

Gulf Investment completed the acquisition of a minority stake in Pipecare Group.

Financials

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

Sources

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Tags

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Switzerland

pipeline inspection services

Acquisition

Cross Border

Private

Friendly

Single Bidder

Oil Equipment and Services

Minority

Private Equity

Completed

Synopsis

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Gulf Investment, a Kuwait-based Gulf investment firm, completed the acquisition of a minority stake in Pipecare Group, a provider of pipeline inspection services. Financial terms were not disclosed. "We are excited to enter a new phase in our company's growth in partnership with GIC to further develop our technology and play a critical role in supporting our customers in the safe delivery of energy," Khaled El-Shami, Pipecare Group Chairman.

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