Australian PE firm participates in $1b Dubai oil driller deal
Australian GP CHAMP Private Equity has teamed up with its US affiliate Castle Harlan and Lime Rock Partners to invest around $1.05 billion in Dubai-based shallow water drilling services company Shelf Drilling.
The capital has been used to purchase 38 shallow water drilling rigs for the company from New York and Zurich-listed oil driller Transocean. The purchase price of the rigs includes approximately $855 million...
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