DeepOcean Group Holding B.V. (“DeepOcean”), a leading provider of subsea services for the oil & gas and renewables industries, today announce that the investment by funds advised by Triton (“Triton”) in DeepOcean was completed on 31 December 2016.
Through the substantial equity raise and the future support of Triton, DeepOcean is well positioned to weather the downturn in oil & gas markets and also to take advantage of growth opportunities in the oil & gas and renewables markets.
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Austria, Belgium, Denmark, Finland, Germany, Italy, Luxembourg, the Netherlands, Norway, Spain, Sweden and Switzerland. Within this European region, Triton focuses on businesses in the Industrial, Business Services and Consumer/Health sectors.
Triton seeks to contribute to the building of better businesses for the longer term. Triton and its executives wish to be agents of positive change towards sustainable operational improvements and growth. The 29 companies currently in Triton’s portfolio have combined sales of around €13.8 billion and around 76,000 employees.
The Triton funds are advised by dedicated teams of professionals based in Germany, Sweden, Norway, Finland, Denmark, Italy, the United Kingdom, the United States, China, Luxembourg and Jersey.