First Reserve completes Acteon acquisition

First Reserve Fund X has completed its acquisition of a majority interest in Acteon Group Ltd.
Nov. 14, 2006

Offshore staff

LONDON, HOUSTON – First Reserve Fund X has completed its acquisition of a majority interest in Acteon Group Ltd. The deal was announced in October as pending.

Acteon companies include MENCK, InterMoor, CIS, Aquatic, Trident, UWG, Claxton, 2H Offshore, WellCut, Mirage, and Team Energy. First Reserve Corp. is a private equity firm specializing in the energy industry. First Reserve has been active in the British upstream oil and gas sector with its investments in Caledonia Oil & Gas, and Highland Energy. Its current portfolio of companies operating in the oilfield services sector include Dresser-Rand, Dresser Inc., and T-3 Energy.

11/14/06

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