Morrison & Foerster is advising the sellers of EnerMech Group Limited, which include Lime Rock Partners, a private equity investment firm focused on the upstream oil and gas sector, and the EnerMech management team, in the sale of the company to global alternative asset manager The Carlyle Group (NASDAQ: CG).
The acquisition of EnerMech, an international services company headquartered in Aberdeen, Scotland, that provides critical asset support to the energy, infrastructure and industrials sectors, will help its continued global growth. The deal, which is subject to antitrust and regulatory approvals, is expected to close in the fourth quarter of 2018.
The buyer, Carlyle International Energy Partners (CIEP), is a $2.5 billion fund that invests in the global oil and gas sector outside North America.
The MoFo deal team is led by Graeme Sloan, London Corporate head and global co-chair of MoFo's M&A Group, and includes London corporate associates Robbie Somerville, Carlo Pia and Steph Craw, and of counsel Simon Arlington, with additional support from London tax partner Trevor James. The MoFo team is working closely with EnerMech in-house counsel Ken Gordon on the deal.
For more information, see the press release issued by EnerMech: https://www.enermech.com/news/item/990-enermech-aqcuired-by-the-carlyle-group.