ABERDEEN, UK – Independent private equity firm Energy Ventures is offering to invest $200 million in North Sea oil and gas businesses.
It is focusing on companies in need of access to finance for stabilization purposes or to pursue continued growth.
Tomas Hvamb, Aberdeen-based investment director, said: “Energy Ventures is one of the few oil and gas private equity funds investing at this time. In the past 20 months we have made three platform investments in the North Sea and a total of 11 investments including add-ons in the same period…
“We look to partner with talented management teams in service and technology companies with high growth potential and seek to invest between $10-40 million in each company.
“Energy Ventures will invest in proven companies where we can see where our capital can provide a strong capital base to support the company and management in their next growth phase. At a time when activity levels in the industry have been down, many companies are under pressure from the banks to de-lever their balance sheet and we can assist in this.”