Analyst Research

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Provider: Wright Reports
Provider: Reuters Investment Profile

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Aker Solutions ASA Sells Well-Intervention Services Business To EQT

Friday, 22 Nov 2013 10:05am EST 

Aker Solutions ASA announced that it has agreed to sell its well-intervention services business area to EQT, a Swedish private equity fund, for an enterprise value of NOK 4 billion. The agreement includes an earn-out provision where Aker Solutions will receive 25% of any internal rate of return exceeding 12% a year on EQT's equity investment. Aker Solutions will book a gain before any earn-out of between NOK 1.8 billion and NOK 1.9 billion from the transaction, which is predominantly structured as a share sale. 

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