Standard Chartered Private Equity Invests US$75 Million in Topaz Energy and Marine (MENA)

Source: Topaz Energy and Marine

Emerging markets investor Standard Chartered Private Equity has acquired a 9.8 percent stake in United Arab Emirates-based offshore support vessel company Topaz Energy and Marine for US$75 million. Topaz intends to use the funds to support its long-term fleet expansion in its core operational regions and for further geographical diversification. The transaction is subject to bank consents and customary conditions, and is expected to close during Q4 2014.