Davidson Kempner Capital Management and Fortress Investment Group completed the acquisition of a majority stake in BOURBON for $1.130bn.

Davidson Kempner Capital Management, a global institutional alternative investment management firm, and Fortress Investment Group, an investment management firm, completed the acquisition of a majority stake in BOURBON, an offshore marine services provider, for $1.130bn. “I am very proud of the progress accomplished by BOURBON’s teams during this challenging transformation period. We have restored stability and visibility for a Group that is now firmly looking ahead. The arrival of new shareholders combined with a Board and a strengthened Executive Committee, give decisive momentum to our transformation. We are entering a new phase of action, with clear objectives and fully mobilised teams to deliver group strategy,” Gaël Bodénès, BOURBON CEO.