Deal

Hitecvision sells Nobel Denton Group

HitecVision announced today that the Nobel Denton Group, part of HitecVision IV's portfolio, will be aqcuired by Germanischer Lloyd in an all cash transaction.

HitecVision invested jointly in Noble Denton in 2006 alongside Ferncliff.  Since 2006 the firm has more than trebled in size and quadrupled its profitability.  Noble Denton has also been positioned as a global provider of life-cycle marine and offshore engineering services.  Revenues in 2008 were GBP 100 million. 

The merger of Noble Denton and Germanischer Lloyd will provide assurance, inspection, and consulting as well as project management on a worldwide scale. It will focus its worldwide technical services along the entire life cycle oil & gas - upstream, midstream & downstream, renewables and energy installations onshore and offshore.

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FundHitecVision Private Equity IV LP Argentum share 21.83%
Portfolio CompanyNoble Denton
Date of Transaction2009-04-01
TransactionTrade-sale
Seller
Buyer
Size of Transaction 
Ind. FocusEnergy
GeographyUSA
StageSmall/mid-cap buyout
 

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(2011-07-13)