Oaktree-backed DDH1 makes Australian drilling bolt-on
DDH1, an Australian drilling company backed by Oaktree Capital Management, has acquired 100% of domestic counterpart Strike Drilling as part of a platform-based consolidation plan.
Oaktree executed its investments in both companies under its private equity strategy. The firm acquired a 50% stake in DDH1 last year with a view to bolting on competitors that have different drilling...
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