News & Events

The Firm is representing First Reserve Corporation in connection with its agreement to sell its majority stake in Acteon Group Limited to Kohlberg Kravis Roberts & Co. L.P., with management retaining a significant holding in the company. The transaction is expected to complete by year end 2012, subject to regulatory approvals.

Acteon is a leading service provider to the worldwide offshore oil and gas and renewable markets. With a strong global presence, the group provides specialist subsea services for life-of-field operations from exploration through to decommissioning and generates substantial revenues from deep-water applications. Headquartered in Norwich, UK, with facilities in Brazil, Singapore, UAE, Malaysia, China, UK, the US and Germany, Acteon has completed projects in most of the world’s prolific oil and gas basins.

The Simpson Thacher team includes Bill Curbow (New York), James Connor and Adam Wollstein (London) (M&A); David Vann, Sabrina Lee (London) and Bill Kearney (Washington) (Antitrust); and John Creed (New York) (Tax).