Tieto acquires Petrostreamz to strengthen its position in the Upstream business of Oil & Gas

Viking venture

PetroStreamz, a Viking Venture portfolio company, is acquired by Tieto. 

Tieto has signed an agreement to acquire Petrostreamz, a rapidly growing provider of advanced software and services for integrated asset modeling (IAM) onshore and offshore. The acquisition further expands Tieto’s growing portfolio of advanced solutions and capabilities in the upstream business of oil and gas industry. Petrostreamz has 15 employees with offices in Houston, Dubai, Rio de Janeiro, London, Oslo and Trondheim.

Within the oil and gas industry, there is a clear agenda and a variety of initiatives on how to derive increased value from data. Over the last two decades, Tieto’s Energy Components (EC) has evolved extensively as more knowledge has been captured and new functional areas have been added to the product suite. Holding the official record of all production data in EC, Tieto is uniquely positioned and in continuous dialogue with its customers on how to increase the value from these data.

“This acquisition is a catalyst to our journey in becoming the leading supplier of Hydrocarbon Management Solutions, and will create significant added value for our existing customers within the oil and gas sector. Our ambition is to drive a compelling value proposition to customers in the industry, support their business renewal initiatives and create competitive advantages for them,” says Kaare Lunde, Vice President of Oil & Gas, Tieto.

Joining forces with Petrostreamz, Tieto is adding Pipe-It to its offering portfolio and stepping into the Integrated Asset Modeling (IAM) domain. Further, by combining Pipe-It and EC for optimization, forecasting and decision support, Tieto is capable of providing integrated Hydrocarbon Management (HCM) solutions based on the data already available in EC.

The two companies have already partnered on some key projects globally, and started seeing the business opportunities and synergies in how customers can receive value from joining forces.

Tieto has an ambition of helping businesses in finding the right balance between productivity and cost effectiveness, thus adding value in a competitive market. The solutions have become the industry standard for many of the world’s largest oil and gas companies, who benefit from our expert knowledge and pioneering software solutions for the industry.

Tieto Oil & Gas has today 330+ solution experts located in 12 offices around the globe. In addition to EC, Tieto Oil & Gas delivers solutions for personnel logistics for both oil and gas regional hubs and individual companies. Tieto has a growth agenda for its business within oil and gas, an agenda that includes both further market and customer acquisitions, business functional coverage and eco-system expansions.

For further information:

Aleksander Juell, Petrostreamz
Tel: +47 984 07 708, Email: aleks[at]petrostreamz.com

Kaare Lunde, Tieto Oil & Gas Solutions
Tel: +47 98 89 88 25, kaare.lunde[at]tieto.com

About Tieto
Tieto aims to capture the significant opportunities of the data-driven world and turn them into lifelong value for people, business and society. We aim to be customers’ first choice for business renewal by combining our software and services capabilities with a strong drive for co-innovation and ecosystems. www.tieto.com

About Petrostreamz
Petrostreamz AS is a software company with its origin in the advanced petroleum phase behavior (PVT) and streams technology developed at Petroleum Engineering Reservoir Analysts (PERA AS) since 1988. Their flagship product, Pipe-It, which was formally launched in 2011 has been providing the oil and gas industry unprecedented capability to build complex Integrated Asset Models (IAM). They have implemented solutions for assets ranging from 1 to 3000 + wells. www.petrostreamz.com

Categories: News


AURELIUS sells AH Industries to the management team with long-standing experience in the wind industry

Aurelius Capital

  • The company was adapted to suit substantially changed market conditions during the time it was owned by AURELIUS
  • The management team headed by Kim Kronborg Christiansen and Adrian Roy Willetts is committed to continue developing the company

Munich, February 2, 2018 –AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8) has sold its subsidiary AH Industries to the management team with long-standing experience in the wind industry. The company based in Ribe (Denmark) is a supplier of components, modules and systems for the wind, mineral and cement industries, with production facilities in Denmark and China. The parties agreed to keep the financial details of the transaction confidential.

With the help of the AURELIUS Task Force and the AHI management team, the company has adapted to the changed market conditions in the wind industry. Procurement, sales, production and working capital were optimized, among other things, and the organization was streamlined. With the sale of the peripheral business Site Solutions to Eltronic A/S, a Danish supplier in the field of Industrie 4.0 and digitalization, in early December 2017, a corporate structure was established that will now enable the management to lead the company to further growth in its core business, the production of steel components and modules for wind power turbines. As a second pillar, AH Industries is also active in the procurement and assembly of special machines for the cement and mineral industries. The management team is rounded out by Kim Kronborg Christiansen, who will take on the role of future CEO.


Categories: News


Veritas Petroleum Services acquires Transoil Laboratory Limited


Rotterdam, 31st January – Veritas Petroleum Services (VPS), a global fuel testing advisory company owned by IK Investment Partners (IK VII Fund) has acquired Transoil Laboratory Limited, a transformer and insulating oil testing company based in Manchester, UK. Financial terms of the transaction were not disclosed.

VPS is the market-leading fuel testing, inspection, and advisory company in shipping, with laboratories located in Rotterdam, Singapore, Houston and Fujairah. VPS tests fuels and lubricating oils, producing high quality, reliable analytical data with further expert interpretation and advice on engine condition monitoring and cost optimisation. The acquisition of Transoil enables VPS to expand its testing and advisory service offering into power industries.

Dr Malcolm Cooper, Group Managing Director of VPS said: “In Transoil, we have acquired a company with a strong technical capability and excellent reputation, which is a great fit with our existing business. The addition of transformer and insulating oils to our existing portfolio of fuels and lubricating oils enables us to service a wider range of markets, and represents a platform for further growth and diversification of our testing and advisory business.”

Peter Broadbent, founder and Managing Director of Transoil Laboratory said: “Joining forces with VPS allows us to expand our transfomer and insulating oil testing and advisory services globally. With our combined service offering in fuel, lubricating and transformer oil testing and advice, we become an even stronger partner to our customers. We are very excited about this opportunity.”

For more information, please visit www.v-p-s.com

Categories: News


Partners Group sells stake in Japan Solar, a 610MW platform of Japanese solar power assets

Partners Group logo

Partners Group, the global private markets investment manager, has sold its stake in Japan Solar, a 610MW platform of Japanese solar power assets, on behalf of its clients. The stake was sold to a consortium led by Global Infrastructure Partners (“GIP”), generating a blended gross return of 3.2x on the original investment for Partners Group’s programs.

Partners Group invested alongside Equis Group to acquire its initial stake in Japan Solar in 2013, shortly after the Japanese government introduced a Feed-in Tariff to encourage investment in the renewable energy sector. Partners Group and others invested an initial USD 250 million to fund the construction of utility-scale power plants across the country. Japan Solar partnered with Nippon Renewable Energy, today one of Japan’s largest independent solar utility businesses, to support the build-out of the platform. Partners Group made a further equity investment into Japan Solar during the holding period, making it the largest shareholder in the platform.

At the time the sale to GIP was agreed, Japan Solar consisted of 27 secured projects totaling more than 610MW of capacity, of which over 200MW was operational and contracted into long-term power purchase agreements with Japanese electric utility companies. It is estimated that once Japan Solar’s secured projects become operational, they will generate enough energy to power around 133,000 households.

Benjamin Haan, Partner, Head of Private Infrastructure Asia, Partners Group, comments: “Japan Solar was a timely project and we are delighted to have contributed to the build-out of Japan’s renewable energy production capacity. The successful sale of our stake in Japan Solar ahead of our original exit timeline provides an attractive return to our clients and endorses our strategy of platform-building in markets supported by transformative trends.”

The sale of its holding in Japan Solar is Partners Group’s third announced infrastructure exit this month on behalf of its clients. Earlier in January, Partners Group announced it had agreed to sell its ownership stake in Silicon Ranch Corporation, a leading developer, owner and operator of solar energy facilities in the US, to Shell. The firm also sold its ownership stake in the Victorian Comprehensive Cancer Centre, a cancer research, treatment and education centre in Melbourne, Australia, to AMP Capital’s Community Infrastructure Fund.

Categories: News


Mime Petroleum and Blue Water Energy Join Forces with Blackstone Energy Partners


January 25, 2018 – Mime Petroleum AS (together with its subsidiaries referred to as “Mime Petroleum” or “the Company”), a new independent development and production company established earlier this year by Blue Water Energy LLP (“BWE” or “Blue Water Energy”) and Sverre Skogen (Chairman and CEO), announced today that they have partnered with Blackstone Energy Partners (“Blackstone”). BWE and Blackstone have agreed to lead an initial investment of up to $1 billion in Mime Petroleum.

Mime Petroleum is primarily focused on driving value creation in existing fields and licences on the Norwegian Continental Shelf (“NCS”). The Company will acquire assets available on the NCS and pursue production optimization, developments and near-field exploration opportunities. The Mime Petroleum management team has a long track record of M&A, technical, commercial and financial success on the NCS. Mr. Sverre Skogen was Executive / Non-Executive Chairman of Det norske oljeselskap (now Aker BP). The core management team is comprised of five executives who previously worked together building DEA Norge’s upstream business, along with Harald Grøsfjeld who joined as CFO with over 29 years’ experience in the oil industry. Mustafa M. Siddiqui, Senior Managing Director at Blackstone, and Kjell-Erik Østdahl, Senior Advisor at Blackstone and former Executive Vice President for Operations at Schlumberger, will join the board of Mime Petroleum.

Sverre Skogen, Chairman and CEO of Mime Petroleum, commented on the announcement: “Whilst Blue Water Energy has provided strong strategic and financial support to date, this is now significantly enhanced in combination with Blackstone. Mustafa Siddiqui and his team are a welcome addition and I am looking forward to working with both parties on delivering the vision we have for Mime Petroleum. There are a lot of high-quality opportunities on the NCS, and, with two of the foremost energy investors behind us, we are well positioned to take advantage of these.”

Mustafa M. Siddiqui, Senior Managing Director at Blackstone, added: “We are delighted to be backing Sverre Skogen and the Mime Petroleum team. With $15 billion of capital invested in the energy sector, we continue our track record of supporting top management teams with the growth capital and resources to build energy industry champions. We and BWE have enjoyed a successful partnership in the UK and we look forward to replicating that success in Norway.”

Graeme Sword, Partner of Blue Water Energy, said: “We are happy to partner with Blackstone again on building another leading E&P business. We want to provide our portfolio companies with the optimal shareholder base and we believe Blackstone is an aligned partner that shares our ambitions for Mime.”

About Mime Petroleum
Mime Petroleum is a newly formed development and production company on the Norwegian Continental Shelf. Mime Petroleum has a team of highly experienced oil and gas industry staff with deep experience across most fields on the Norwegian Continental Shelf. Using these resources, Mime Petroleum is developing a material and sustainable development and production business on the NCS by the following means:

  • Investing in commercially attractive development projects and fields in production;
  • Increasing the recovery of fields supporting infill drilling programs and IOR initiatives;
  • Prolong lifetime and EUR of fields through maturation of near-field prospects; and
  • Building capacity and ensuring financial flexibility for further growth on NCS.

Mime Petroleum’s vision is to build a leading E&P business that is recognized for its ability to use knowledge to create value. The execution of our strategy will be underpinned by our four core values: Teamwork, Knowledge, Integrity and Ownership. The Company is led by Executive Chairman Sverre Skogen and has its headquarters in Oslo, Norway.

About Blue Water Energy
Founded in 2011, Blue Water Energy is a leading global middle market energy specialist private equity firm based in London. The firm primarily targets investments in the Exploration & Production, Upstream Equipment & Services and Mid/Downstream Equipment & Services sectors. Blue Water Energy partners with best-in-class management teams and utilises a network of seasoned investment and operating professionals to drive value creation across its portfolio companies. Since raisings its initial two funds (BWE Fund I and BWE Fund II), Blue Water Energy has $3.0bn under management across a global portfolio of 14 companies. For more information about Blue Water Energy, please visit www.bluewaterenergy.com

About Blackstone Energy Partners
Blackstone Energy Partners is Blackstone’s energy-focused private equity business, with a successful record built on our industry expertise and partnerships with exceptional management teams. Blackstone has invested more than $15 billion of equity globally across a broad range of sectors within the energy industry.

Blackstone is one of the world’s leading investment firms. We seek to create positive economic impact and long-term value for our investors, the companies in which we invest, and the communities in which we work. We do this by using extraordinary people and flexible capital to help companies solve problems. Our asset management businesses, with over $385 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Further information is available at www.blackstone.com. Follow Blackstone on Twitter @Blackstone.

Media Contacts:

Andrew Dowler/Rebecca Flower
+44 (0) 207 451 4005
+44 (0) 7918 360 372

Blue Water Energy
Frazer Blyth
+44 (0) 207 2905090
+44 (0) 7793 041618

Categories: News


Partners Group to sell stake in Silicon Ranch Corporation to Shell

Partners Group

Partners Group, the global private markets investment manager, has, on behalf of its clients, agreed to sell its 43.83% ownership stake in Silicon Ranch Corporation (“Silicon Ranch” or “the Company”), a leading developer, owner and operator of solar energy facilities in the US. Partners Group is selling its equity stake to Shell for minimum proceeds of USD 193 million and up to USD 217 million, dependent on the Company achieving predetermined milestones. In addition, Partners Group will continue to support Silicon Ranch through a newly issued junior debt financing simultaneous with the closing of the sale.

Founded in 2011 and headquartered in Nashville, Tennessee, Silicon Ranch is one of the fastest-growing, independent solar power producers in the US. Since Partners Group’s investment into Silicon Ranch in April 2016, the Company has quadrupled its operating portfolio of commercial- and utility-scale solar projects. It now has approximately 880MW of contracted, under construction, or operating solar PV systems across 14 US states, as well as close to 1GW of additional development pipeline. As the Company’s largest shareholder, Partners Group worked closely with the management team and other shareholders during a period of rapid growth.

Todd Bright, Partner, Head of Private Infrastructure Americas, Partners Group, states: “We are immensely proud of having supported Silicon Ranch in its recent expansion. With our support, the Company has been able to execute its growth plan faster than expected and we are taking the opportunity to divest our equity stake to a strategic investor ahead of the original investment plan. Nonetheless, we remain convinced of Silicon Ranch’s growth potential, as well as of the appetite for solar energy in the US, and are pleased to be able to continue to support the Company as an investor on behalf of our clients.”

Partners Group is a significant investor in renewable energy projects worldwide on behalf of its clients, with a particular focus on solar and wind energy. In addition to the continued support of Silicon Ranch, Partners Group recently announced the acquisition of a 45% equity stake in Borssele III/IV, a 731.5MW construction-ready offshore wind farm in the Netherlands

Categories: News


NORTHWOODS Energy announces its acquisition of SM ENERGY’S Powder River Basin Assets for $500 million

Apollo Global

DENVER, CO and NEW YORK, NY – January 10, 2018 – Northwoods Energy LLC
(“Northwoods” or the “Company”) (formerly known as Converse Energy), a portfolio company
of certain funds managed by affiliates of Apollo Global Management, LLC (NYSE:APO)
(“Apollo”), today announced it has agreed to acquire SM Energy’s core Powder River Basin assets.
The acquisition is comprised of over 112,200 predominantly contiguous net acres of leasehold in
Converse, Campbell, and Johnson counties in Wyoming.
Northwoods is led by Chief Executive Officer Tom Tyree, who has extensive experience in the
acquisition and development of upstream oil and gas properties in the Rocky Mountains, Marcellus
Shale, and Barnett Shale. Mr. Tyree was Co-Founder, President, and CFO of Vantage Energy from
2006 to 2016. He is currently on the board of directors of Bonanza Creek Energy and served as
CFO of Bill Barrett Corporation prior to Vantage Energy. The Apollo funds, including Apollo
Investment Fund VIII and Apollo Natural Resources Partners II, have committed to invest up to
an aggregate of $850 million in Northwoods.
Mr. Tyree said, “Northwoods is excited to be working with Apollo to build a leading Powder River
Basin-focused independent E&P business. We believe the basin has some of the best geology of
any play in the Lower 48 and that Northwoods has a tremendous opportunity to develop this highly
contiguous, core acreage position.”
Geoff Strong, Senior Partner at Apollo, said, “We look forward to working with Tom as
Northwoods seeks to become a best-in-class Powder River Basin operator. Northwoods’ acreage
position creates a solid foundation from which the Company can build significant scale in the
Tudor, Pickering, Holt & Co. advised the buyer. Vinson & Elkins acted as legal advisor to the

About Northwoods Energy LLC
Northwoods Energy LLC is an upstream oil & gas company based in Denver, CO and focused on
the Powder River Basin. Northwoods is backed by investment funds affiliated with Apollo Global
Management and the Northwoods management team, and is led by Chairman and Chief Executive
Officer Tom Tyree.

About Apollo Global Management, LLC
Apollo is a leading global alternative investment manager with offices in New York, Los Angeles,
Houston, Chicago, St. Louis, Bethesda, Toronto, London, Frankfurt, Madrid, Luxembourg,
Mumbai, Delhi, Singapore, Hong Kong and Shanghai. Apollo had assets under management of
approximately $242 billion as of September 30, 2017 in private equity, credit and real estate funds
invested across a core group of nine industries where Apollo has considerable knowledge and
resources. Apollo’s team has extensive experience investing in the Natural Resources industry and,
since 2001, certain of Apollo’s flagship private equity funds, have invested or committed to invest
approximately $12.2 billion in 34 natural resources-related opportunities (as of September 30,
2017). Greg Beard, Apollo’s Head of Natural Resources, leads a team of approximately 20 private
equity professionals focused on identifying value-oriented corporate carve-outs, asset
acquisitions/build-ups and distressed investments across the energy and metals and mining markets
globally. For more information about Apollo, please visit www.agm.com.
Forward Looking Statements

This press release may contain forward looking statements with respect to Apollo that are within
the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended. These statements include, but are not limited to,
discussions related to Apollo’s expectations regarding the performance of its business, its liquidity
and capital resources and the other non-historical statements contained herein. These forwardlooking
statements are based on management’s beliefs, as well as assumptions made by, and
information currently available to, management. When used in this press release, the words
“believe,” “anticipate,” “estimate,” “expect,” “intend” and similar expressions are intended to
identify forward-looking statements. Although management believes that the expectations
reflected in these forward-looking statements are reasonable, it can give no assurance that these
expectations will prove to have been correct. These statements are subject to certain risks,
uncertainties and assumptions. We believe these factors include but are not limited to those
described under the section entitled “Risk Factors” in Apollo’s Form 10-K filed with the Securities
and Exchange Commission (“SEC”) on February 13, 2017, as such factors may be updated from
time to time in Apollo’s periodic filings with the SEC, which are accessible on the SEC’s website
at www.sec.gov. These factors should not be construed as exhaustive and should be read in
conjunction with the other cautionary statements that are included in this press release and in other
SEC filings. We undertake no obligation to publicly update or review any forward-looking
statements, whether as a result of new information, future developments or otherwise, except as
required by applicable law. This press release does not constitute an offer of any Apollo fund.

For investor inquiries regarding Apollo:
Gary M. Stein
Head of Corporate Communications

Categories: News


Partners Group to become largest investor in 730MW Dutch offshore wind farm project

Partners Group

Partners Group, the global private markets investment manager, has agreed to acquire a 45% stake in Borssele III/IV (“Borssele”), a 731.5MW construction-ready offshore wind farm in the Netherlands, on behalf of its clients. The investment makes Partners Group the largest shareholder in a consortium of investors that also includes Shell, Diamond Generating Europe,1 Eneco Group and Van Oord.

Borssele will comprise 77 9.5MW Vestas turbines placed across two sites in the Borssele Wind Farm Zone, which is 22km off the coast of the province of Zeeland, at the southern border of the Netherlands’ Exclusive Economic Zone. Grid connectivity has already been secured for the project, which is due to begin construction in H2 2018. The wind farm will benefit from the Dutch offshore feed-in tariff for a period of 15+1 years from the commencement of commercial operations in early 2021. Once it is fully operational, Borssele is expected to generate about 3TWh per annum, enough electricity to power approximately 825,000 households.

David Daum, Senior Vice President, Private Infrastructure Europe, Partners Group, states: “Borssele is an attractive opportunity to invest in a high-quality offshore wind project alongside experienced partners. With the Dutch government committed to achieving 16% of its energy production from sustainable sources by 2023 as part of a National Renewable Energy Action Plan, we believe the project is both timely and critical in helping the country achieve that aim.”

Brandon Prater, Partner, Head Private Infrastructure Europe, Partners Group, adds: “Renewable energy continues to be a transformative trend within the infrastructure asset class and an important component in the future energy security of many countries. In wind energy alone, Partners Group has committed to invest in onshore and offshore projects totaling over 1.8GW in Europe, Asia and Australia since 2011.”

Previous onshore wind energy projects include the 240MW Ararat Wind Farm and 270MW Sapphire Wind Farm in Australia, into which Partners Group invested in June 2015 and December 2016, respectively. Most recently, in August 2016, Partners Group invested in the construction of Merkur Offshore, an approximately 400MW offshore wind farm in Germany.

Categories: News


Verdane VIII portfolio company Jupiter Bach has been elected Gazelle 2017 by Danish newspaper Borsen

Verdane Capital

Jupiter Bach – Gazelle 2017

We are very proud to inform that Jupiter Bach has been awarded Gazelle 2017 by Borsen, the leading financial Magazine in Denmark. This is not something we have applied for, but a recognition we get as we have doubled the company’s revenue or result within a four year period.

More specifically Borsen is stating that “A Gazelle company has within 4 financial years had positive growth and has doubled the revenue or result. These are tough requirements – and it is impressive that you have been able to meet them. Gazelle companies daily defy challenges like low growth, demographic headwind, disruption and having to attract qualified manpower, but they are still able to create success. They generate new employment and progress, and add value for their owners and for the local community which they are a part of.

The award was given at a Boersen award event November 30 at Sonnerupgaard Gods in Hvalsoe, Denmark. Representatives from management and employees participated in the prestigious event.

Our election as Gazelle 2017 bears witness to our growth and positive development within the last 4 years.

We would like to express our gratitude to our loyal customers and devoted team of employees, who have all contributed to this development.

We will continue to work hard to continue this growth journey together with you, and remain

devoted to wind!


Categories: News


KKR Injects Additional Capital to Support Joulon’s Asset Management Platform


Capital injection enhances Joulon’s acquisition activity

Joulon completes acquisition of global engineering and project management company Harris Pye

DUBAI–(BUSINESS WIRE)– Joulon (the “Company”), a leading asset management services provider to the energy industry, today announced that KKR has injected additional capital to support the Company’s ongoing acquisition activity. With KKR’s continued support, Joulon has completed its acquisition of Harris Pye Engineering Group Limited (“Harris Pye”), a global provider of engineering and project management services to the marine, offshore and industrial sectors.

Joulon’s platform provides comprehensive Asset Management services to the energy industry. The Company’s business model is based on acquiring businesses with established track records and complementary global expertise in maintenance, repair and overhaul (“MRO”) services to the oil and gas industry. By combining and enhancing these companies’ expertise and synergies, Joulon is able to offer truly integrated solutions to customers in the global energy industry.

Harris Pye is the latest addition to Joulon’s platform of well-established, global companies in the energy services and manufacturing segment. Since Joulon’s launch 18 months ago, the Company has completed 11 acquisitions, including: OES, Global One, Sara Sae, DSL, Excel Marco, JVS, CPC, Aggrego, STS, Thanh Ngoc, RAM Design and DronePro.

Ashish Shastry, Member and Head of Southeast Asia at KKR, said: “KKR is very pleased with Joulon’s progress in building a unique franchise that puts customers first by providing a high quality one stop solution to meet their global asset management needs in the fast moving energy industry. We look forward to building on Joulon’s success to date by deploying further capital into Joulon and helping the Company continue to grow, enhance its service offering and support its customers.”

Founders, Deepak Munganahalli, Chairman of Joulon and Abhishek Kumar, Vice Chairman and Group CEO of Joulon, said: “We are grateful to Joulon’s customers for their continued support and guidance. With a growing workforce of more than 2500 people and 50 workshops and offices worldwide, Joulon aims to be the global partner of choice for leading energy industry companies. With the continued partnership with KKR, Joulon is even better positioned to execute its growth strategy to develop a leading global energy services platform to address the specific requirements of asset owners and operators.”

The Project Management and Execution segment has become increasingly important given the impact the category has on customers’ total cost of ownership of assets. Joulon is committed to solving Project Management and Execution challenges for its customers and its latest acquisition of Harris Pye, further deepens the Company’s offerings across key verticals. Joulon will continue to acquire businesses and enhance its Project Management and Execution capabilities to assist customers as they undertake reactivation and modification projects in the coming years.

The investment in Joulon comes from multiple funds managed or advised by KKR. Further details of KKR’s investment and Joulon’s acquisition of Harris Pye were not disclosed.

About Joulon

Joulon offers comprehensive asset management services to the energy industry through its portfolio of established manufacturers and service providers, complemented by a global team of experts with decades of asset ownership and management experience. The platform provides a complete range of offerings from individual products and services to integrated end-to-end asset management solutions. Joulon employs the industry’s latest technologies and processes to provide the entire suite of solutions to customers as they continuously look to improve the efficiency of their asset ownership and operations. For additional information, please visit www.joulon.com.

About KKR

KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit and, through its strategic manager partnerships, hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside its partners’ capital and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE:KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

Anita Davis, +852 3602 7335
Sard Verbinnen & Co
Rick Carew/Miles Radcliffe-Trenner, +852 3899 6630

Source: KKR


Categories: News