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OCB Oilfield Services Acquires 100% of Kuiper International

Source: www.gulfoilandgas.com 2/8/2016, Location: Not categorized

Gulf Capital, one of the leading alternative investment firms in the Middle East, announced today that its portfolio company OCB Oilfield Services, has acquired100 percent of Kuiper International Pte LTD, a dominant player in the offshore construction and maintenance services sector, with a particular stronghold in the Asia Pacific (APAC) region and Australia.

The Kuiper deal represents the fourth bolt-on acquisition in Asia Pacific for a Gulf Capital portfolio company and almost doubles the size of OCB and extends both its geographical coverage as well as its service offerings to its client base. The OCB investment demonstrates Gulf Capital's ability to work with successful regional businesses and to grow them internationally, either organically or via acquisitions. Gulf Capital has developed a track record ofbuilding global companies in sectors such asoil and gas services, power,water and desalination and the wholesale travel market. Besides scale, the combined OCB and Kuiper businesses will lead to significant diversification in customer base, service capabilities and geographical coverage.

Dr. Karim El Solh, Chief Executive Officer of Gulf Capitalwhich is marking its 10th Anniversary this year, said: "This deal represents another milestone for Gulf Capital and OCB.This latest bolt-on acquisition cements our track record in partnering with great management teams and building global platforms. OCB, by acquiring 100% of Kuiper, is expanding rapidly across Asia Pacific and Australia and firmly positioning itself as a global leader in its sector."

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Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Industrial Development  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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