Welltec $220 million buy-back and resale of shares

28/10/2015

Private acquisition

Value:

$ 220 million

Status:

Completed

Date:

28/10/2015

Overview:

In a two-part transaction, Welltec has repurchased a 26% stake in Welltec from Summit Partners, a private equity fund and then sold the stake to 7-Industries, a Dutch-Investment company.
Welltec focuses on providing technology to the oil and gas sector.
These transactions were completed and agreed on at the same time.

Rani Mehta - Journalist

Jurisdiction:

Denmark

Deal type:

Private acquisition

Practice area:

M&A

Governing law:

Denmark

Industry sectors:

Technology and telecommunications
Oil and gas

Firms:

Bech-Bruun

Party: 7-industries (Acquirer)

Bruun & Hjejle

Party: Welltec (Acquirer, Seller, Target)

Lawyer: Mogens Ebeling

Horten

Party: Summit Partners (Seller)

Lawyer: Thomas Francis Beckett

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