CHAMP Ventures exits TSmarine
CHAMP Ventures, the mid-market PE specialist that is part of Castle Harlan Australian Mezzanine Partners (CHAMP) Group, successfully completed its first foray into the gas and oil sector official on March 3, finalizing the sale of TSM Group Holdings Pty Ltd., and its subsidiaries (TSmarine) to Fugro Holdings Australia Pty Ltd, a fully owned subsidiary of Fugro NV (Fugro).
The asset at play is TSmarine Asia Pacific, a Perth-based global subsea specialist oil and gas services provider originally established in 2006. The business proved profitable from the beginning, but its...
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