3i joins forces with Franklin
Private equity player 3i has invested in Singapore-based services player
Franklin Offshore, it said today.
Mezzanine capital investor Intermediate Capital Group (ICG) is providing
mezzanine financing and investing alongside 3i.
Franklin boss Angie Tang said: “3i is uniquely placed to partner with us
given the combination of its energy sector experience and local presence in
Singapore.
"We are delighted to be partnering with 3i and look forward to achieving our
ambition of becoming a leading service provider to contractors and oil
companies through continued geographic and product growth.”
3i will work with the current management team to identify and introduce
further management expertise to the business and to support Franklin in
becoming a regional champion and service provider.
19 July 2007 13:45 GMT
| last updated:
19 July 2007 13:45 GMT
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