Headland Offers $359M For Singapore Subsea Service Co.

Law360, New York (November 6, 2013, 5:13 PM EST) -- A unit of Hong Kong-based Headland Capital Partners Ltd. offered to pay 446 million Singapore dollars ($359 million) to acquire subsea services company Kreuz Holdings Ltd., the companies said Tuesday.

The deal will allow Singaporean firm Kreuz, which provides underwater construction, installation, repair and maintenance services for customers in the oil and gas industry, to invest in new vessels and other areas of growth, the companies said. Meanwhile, Headland will further expand its presence in the Southeast Asian offshore oil and gas industry with the deal....
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