News Column

KKR pours cash into oil rig firm

July 10, 2014


PRIVATE equity group KKR is pumping cash into OEG Offshore Group, a Scottish oil rig equipment supplier.

KKR has paid an undisclosed sum for a majority stake in OEG, whose management will keep a "significant" holding after the deal.

OEG boss John Heiton said the Aberdeen-based cargo unit firm will use the cash to grow organically and through acquisitions.

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Source: City A.M. (UK)

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