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United Kingdom : Eversheds advises Inflexion on PD&MS Energy buyout

July 17, 2014

Law firm Eversheds has advised Inflexion Private Equity on the secondary buyout of PD&MS Energy.

PD&MS Energy is a fast-growing, specialist provider of Engineering, Procurement and Construction (EPC) services for the global oil and gas industry, serving drilling, production and marine sectors.

Inflexion s investment will enable PD&MS Energy s management to continue building on its impressive track record, accelerating international expansion and targeting complimentary bolt-on acquisitions, as well as developing its sales and marketing capability. The Eversheds team was led by Corporate Partner Robin Skelton and Corporate Senior Associate Jonathan Pollard assisted by Corporate Associate Becky Ashurst. Banking support was provided by Nigel Dale, Ben Edwards, Jessica Burgess and Christine Dowdall.

Robin Skelton commented:

Having previously advised Inflexion on oil and gas sector investments including both Viking Moorings and SMD, we have again drawn on both our private equity and our oil and gas sector expertise to assist Inflexion on their latest investment, which also saw Equistone make a successful exit. We wish PD&MS well under its new ownership structure as it targets international expansion opportunities.

Catherine Richards, Investment Director at Inflexion said:

We ve been tracking this business for a number of years; attracted by its ambitious management team and the global market opportunity. We re excited to be investing in a sector that Inflexion knows well. With our previous experience, gained through investments such as Viking Moorings, SMD and Rhead Group, we see significant opportunity to support PD&MS Energy s international growth strategy. We thank Robin, Jonathan and the rest of the Eversheds team for their continued advice and strategic guidance throughout.

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Source: TendersInfo (India)

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