Aibel sells Business Unit Technology & Products
Hamworthy PLC has signed an agreement to acquire Business Unit Technology & Products from Aibel.
The cash consideration for the acquisition will be NOK 37 million payable upon completion with an additional amount of up to NOK 28 million payable upon achievement of certain performance criteria over the next two years.
Read more
| Fund | Herkules Private Equity II LP Argentum share 2.59% |
| Portfolio Company | Aibel |
| Date of Transaction | 2009-07-08 |
| Transaction | Spin-out |
| Seller | |
| Buyer | |
| Size of Transaction | NOK 37.0m |
| Ind. Focus | Energy |
| Geography | Norway |
| Stage | Small/mid-cap buyout |