Lonsdale Capital Partners has recently completed the sale of OEG Offshore (“OEG”) to a private family office. OEG is an Aberdeen headquartered supplier of speciality containers and cabins to offshore oil and gas facilities around the world. The detailed terms of the transaction are subject to a confidentiality agreement and, accordingly, cannot be disclosed. However, Lonsdale’s investment in OEG has returned over 4.5x invested capital. This is Lonsdale Partners first realisation event since formation, building on a 3x invested capital historical track record for the Partners stretching back over the last 14years.
Lonsdale purchased OEG in 2008 when it was headquartered in Aberdeen with an agency in the Gulf of Mexico.