- Headquartered in Scotland with regional hubs worldwide, OEG Offshore is a provider of specialist equipment to the offshore oil and gas industry. KKR has purchased a majority interest in the company with OEG management continuing to hold a sizable stake. Terms are undisclosed.
- KKR's Dominic Murphy: "OEG has built an impressive track record of growth and has an exciting development path ahead, expanding its fleet, geographic coverage, and suite of products and services."
- Soure: Press Release
- In other KKR news, the stock is boosted to Outperform at Credit Suisse with price target lifted to $333 from $29.
at Zacks.com (Jan 8, 2015)