Press release
Paris, 18 July 2019
Socotec Group sells its Oil & Gas business Levine Keszler advises Socotec Group
The Socotec Group, which has been in an LBO with Cobepa and Five Arrows since 2013, has sold its Oil & Gas business to the Interholding Group.
The Socotec Group intends to focus its attention on its strategic building and infrastructure activities and to launch a new phase of external growth designed to create an international leader by 2024.
Socotec Oil & Gas generated sales of €10.7 million in 2018. The company provides shop inspection, on-site inspection and technical assistance services to customers in the oil and gas sector, mainly for their upstream exploration and drilling activities.
Having delivered services in 57 countries last year, Socotec Oil & Gas has global coverage with offices in Europe (Paris, Pau, Montpellier, London, Milan), the United States (Houston), Argentina (Buenos Aires) and Asia (Singapore), enabling it to manage a network of 6,000 freelance inspectors.
With more than 60 of its own staff, Socotec Oil & Gas operates in a highly concentrated global market, where players with significant critical mass are emerging, with highly meshed international networks.
Levine Keszler advised the Socotec Group.
Counsel to the Socotec group:
Legal and structuring: Levine Keszler (Nicolas de Courtivron and Pierre Treille, partners, Mickaël Guillemot)
Financial: Capitalmind (Michel Degryck, Guillaume Ten Have, Emma Dispard)
Interholding’s advisors:
Legal: Cabinet Benoît Buffeteau (Benoît Buffeteau, partner)
Financial: Scribex (Francis Gantier)
