Private equity giant Kohlberg Kravis Roberts has acquired a majority stake in Aberdeen oilfield services company OEG Offshore for an undisclosed sum.

OEG Offshore said its executive management would hold onto “a significant holding” after the deal, the financial terms of which were not disclosed.

Chief executive John Heiton said the investment matched the company’s “appetite to accelerate our further development through both organic and acquisitive means”. 

KKR’s