First Reserve gets large Calibre
Resources-focused private equity firm First Reserve Corp. has taken a 75%+ stake in Western Australian engineering firm Calibre Global, reportedly for at least A$100 million ($86 million).
The deal provided an exit for Calibre co-founders Ray Munro and Dave Walker, who will step down from the privately-held Perth-headquartered business but remain as consultants. Calibre specializes in resources-focused...
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