### Transaction overview
On March 27, 2024, One Equity Partners (OEP), a U.S.-based private equity firm focused on middle-market investments in industrial, healthcare, and technology sectors, completed its acquisition of Acteon Group, an international marine energy and infrastructure solutions provider. Established in 1989, Acteon offers engineering and data-driven services to the offshore renewables, nearshore construction, and energy industries with over 2,000 full-time employees across more than 20 countries globally.
### Deal structure and financing
Financial details of this private transaction were not disclosed, as OEP typically structures deals with a combination of debt and equity financing. Given OEP's history in similar transactions, it is likely that the firm employed a leveraged buyout strategy to acquire Acteon Group. Buckthorn Partners, LLP co-invested alongside OEP in the deal. The exact split between equity and debt is unknown, but it is common for private equity deals of this size to involve significant leverage, potentially up to 5x-6x EBITDA.
### Strategic context
OEP's acquisition of Acteon Group aligns with its strategy to identify and invest in businesses with strong growth potential within the renewable energy sector. The deal enables OEP to capitalize on the rapid expansion of offshore wind markets while enhancing Acteon’s offerings through operational improvements and service advancements. Acteon, for its part, seeks to leverage OEP's expertise to capture significant market opportunities in renewables. With over 400 engineers on staff, Acteon is well-positioned to support the growing demand for specialized marine energy solutions.
### Regulatory path
Regulatory scrutiny for this transaction was minimal as it did not reach a level requiring mandatory filings under U.S. HSR or EU merger control regulations due to undisclosed deal size and industry specifics. The jurisdictions likely involved include the United Kingdom, given Acteon's headquarters in London, and potentially other European countries where Acteon operates. No specific remedies were reported, indicating that the acquisition did not raise significant competition concerns within the relevant markets.