Private equity investment firm Triton has completed its investment in DeepOcean, the subsea contractor informed earlier this week.
The transaction was completed on December 31, 2016, and the parties have agreed not to disclose the purchase price.
Through this equity raise and the future support of Triton, DeepOcean believes it is well positioned to weather the downturn in oil & gas markets and also to take advantage of growth opportunities in the oil & gas and renewables markets.
Carnegie AS acted as lead advisor to DeepOcean in the transaction. Blue Capital Management also advised the company.