Apollo funds to acquire oeg, a leading provider of core services to the offshore energy industry

London and new york, march 19, 2025 (globe newswire) -- apollo (nyse: apo) today announced that funds managed by apollo affiliates (the “apollo funds”) have agreed to acquire a majority stake in oeg energy group (“oeg” or the “company”), a leading offshore energy solutions business, from funds managed by the power opportunities strategy of oaktree capital management, lp (“oaktree”) and other investors. the transaction implies a headline valuation of more than $1 billion for oeg, and oaktree and others will retain a minority equity interest in the company.
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