Dunedin strikes oil and gas deal

The booming oil and gas sector has attracted the interest of private equity firms in recent years

Wednesday 25 June 2014 at 07:14

UK private equity firm Dunedin has acquired oil and gas technology company EV Offshore in a £69 million deal, as Europe’s private equity firms continue to scour the booming sector for buyout opportunities.

In a statement, mid-market firm Dunedin said it had agreed to buy EV from Lime Rock Partners, a specialist oil and gas growth capital investor.