Headland Fund Puts $141M Into Offshore Oil Services Co.

Law360, New York (October 5, 2011, 4:12 PM EDT) -- Headland Capital Partners Ltd. on Wednesday announced that its Headland Private Equity Fund 6 LP had acquired a 26.45 percent interest in Singapore-based Miclyn Express Offshore Ltd., which provides service vessels to the offshore oil and gas industry, for $141 million.

The deal was designed to expand Headland's presence in the oil and gas services sector. According to the company, for the past several years it has focused increasingly on investment opportunities in the sector, which it believes has attractive growth prospects.

MEO, which operates in...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.