Sale of Socotec Oil & Gas to Interholding

Sector(s)
Business Services / Industrials
Deal type
Carve out / Sell your business
Date
July 2019
Countries involved
France / Italy

Client

Socotec group is a major player in construction & infrastructure testing, inspection and certification

Deal

Capitalmind advised Socotec Group on the disposal of Socotec Oil & Gas to Interholding

Parties

Lead team

  • Michel Degryck

    Michel Degryck

    Managing Partner France
  • Guillaume ten Have

    Guillaume ten Have

    Director France

What we did

Capitalmind assisted the group all along the sell-side process: identify and approach potential acquirers, present the financials of the scope of transaction, draft the marketing documentation and manage the entire sell-side process with strategic buyers (due diligence process, deal negotiation, assistance in the legal documentation).

About the deal

Founded in 2016 through the merger of SICA, ATS and Quinex, Socotec Oil & Gas is a subsidiary of Socotec, a major player in construction & infrastructure testing, inspection & certification. It has developped a strong expertise and recognized competences in a wide range of Oil & Gas equipment (OCTG, Line Pipe, Riser, Umbilical, Wellheads, Subsea Equipment Down hole Equipment, Pressure Vessels, Valves, Piping & Fittings, Rotating & Electrical Equipment and Structures). Covering 57 countries last year, Socotec Oil and Gas has a global foothold with offices in Europe (Paris, Pau, Montpellier, London, Milan), in the United States (Houston), in Argentina (Buenos Aires), and in Asia (Singapore), managing an international network of 6,000 free-lance inspectors.

After an important acquisition track record done in the last 2 years, the Socotec group aims at concentrating on its core activities while opening a new external growth sequence on its verticals by 2024.

Interholding Group is an Oil and Gas specialist, with post-acquisition total revenues amounting EUR 30 Mns. The company is currently seeking to develop itself through external growth. With the acquisition of Socotec Oil and Gas, Interholding will widen its technical competencies and broaden its international network already spread in 9 countries and relying on more 280 experts.

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