Avista Capital Partners, a leading private equity firm, today announced it has committed to invest $27 million in FDR Holdings Limited (dba Frontier Drilling) and certain of its subsidiaries in conjunction with other partners to partially finance Frontier’s acquisition and refurbishment of the Transocean Explorer. Based in Houston, Texas, Frontier is an independent international provider of offshore drilling and production services for the oil industry, focused on the operation and management of offshore drilling rigs and floating production vessels. Avista invested $20 million at closing and committed to invest an additional $7 million under certain circumstances.
Green Marine
about 20 years ago
Avista Capital Partners Invests $27 Million in Frontier Drilling
Avista Capital Partners, a leading private equity firm, today announced it has committed to invest $27 million in FDR Holdings Limited (dba Frontier Drilling) and certain of its subsidiaries in conjunction with other partners to partially finance Frontier’s acquisition and refurbishment of the Trans
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