13 June 2025
OEG Finance plc
Apollo funds acquire OEG
OEG Finance plc is pleased to report that the acquisition, previously announced on 19 March 2025, by Starship Bidco Limited (an entity controlled by funds managed by affiliates of Apollo Global Management Inc.) of OCM Luxembourg POW VI Omega S.a.r.l. (an entity controlled by funds managed by Oaktree Capital Management Inc., and an indirect 100% parent of the OEG Group), completed on 12 June 2025.
In connection with the board changes implemented in connection with the transaction, Nadeem Rahman has resigned from the board of directors of OEG Finance plc with effect from 12 June 2025.
About OEG:
OEG is a leading offshore energy solutions business providing infrastructure assets, technologies and services to the global energy industry. From the company's beginning in 1973, OEG has evolved significantly, growing both organically and through strategic acquisitions, to become a pivotal link in the global energy supply chain.
OEG delivers specialized and complementary solutions for above-water, on-water and below-water applications across the full energy lifecycle. From the provision of offshore logistics equipment and bespoke solutions, through to the delivery of integrated services for larger project work scopes, OEG plays an important role in supporting the production of the world's energy needs whether that be electricity, gas or oil.
Headquartered in Aberdeen, UK, OEG has over 1,400 employees and operates in more than 65 countries.