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STAR Capital Partners announces the sale of its investment in Blohm + Voss Oil Tools

28 May 2013

STAR Capital Partners (“STAR”) announces the sale of Blohm + Voss Oil Tools to Forum Energy Technologies, Inc., a global provider of manufactured technologies and applied products to the energy industry.

Blohm + Voss Oil Tools, a leading manufacturer of a comprehensive range of pipe handling equipment used on offshore and onshore drilling rigs, was acquired by STAR in January 2012 from Thyssen Krupp AG as part of its broader acquisition of the non-military parts of the Blohm + Voss Group.

The remaining Blohm + Voss businesses under STAR’s ownership, Blohm + Voss Repair and Blohm + Voss Shipyards, are unaffected by this sale.

Cris Gaut, Forum’s Chairman and Chief Executive Officer, commented:

“Blohm + Voss Oil Tools significantly strengthens the tubular handling offering within our Drilling Technologies product line. The Blohm + Voss brand name is well recognised in the industry and has a strong reputation for delivering high quality products to a global customer base. Blohm + Voss Oil Tools’ strength in international and offshore markets complements Forum’s strength in the North America land market. In addition, we see an opportunity to expand the market for our combined product offering by utilising our existing global sales, distribution and service channels. We welcome all of the Blohm + Voss Oil Tools to the Forum family.”

The sale is subject to regulatory approval. STAR was advised by Macquarie Capital and SJ Berwin.




STAR Capital Partnership LLP

15th Floor, 33 Cavendish Square
London W1G 0PW
United Kingdom

Tel: +44 (0)20 7016 8500
e-mail: mail@star-capital.com

Important Notice: we have become aware that an organisation with a similar name has been targeting individuals in the UK through unsolicited calls to make cryptocurrency investments. Our firm, STAR Capital Partnership LLP, does not engage in this type of activity.  Please see here for information on how to protect yourself from financial fraud and, if you have fallen victim to it, please report it to the UK Financial Conduct Authority by telephone or email: https://www.fca.org.uk/consumers/protect-yourself-scams.