ASCo

Country: UK
Sector: Business Services
Year: 1999
Transaction Type: Buyout

Overview

Background: ASCo Group Limited is a well established Logistics services business, situated in Aberdeen, supporting the Oil Industry in the North Sea area. In June 1999 the business acquired L & L Oil, based in Louisiana USA, as a first step in expanding its business internationally. This company is well placed to become a significant supplier of logistics services to the Gulf of Mexico oilfields.

ICG provided a mezzanine loan for acquisition finance to support 3i.

ICG executive responsible for transaction: James Davis and Mike Anderson.

Company Website: http://www.ascoplc.com

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