KCA Deutag Group
Have updates for this profile? Please contribute data
= Subscriber Access Only
You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.
With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.
KCA Deutag Group - overview
Established
1888
Location
-, -, UK
Primary Industry
Oil & Gas
About
Based in the UK, KCA Deutag Group operates as a premier drilling contractor providing integrated drilling services and engineering solutions to the oil and gas industry. KCA Deutag Group specializes in drilling services and engineering solutions for the oil and gas sector. Founded in 1888, the company has undergone strategic shifts to adapt to market needs. It is headquartered in Aberdeen, Scotland, and was acquired by Helmerich & Payne, Inc.
on July 25, 2024, for USD 1. 97 billion from Pamplona Capital Management. Roland Krainz, the founder, has a history of involvement in the drilling sector, while Joseph Elkhoury currently serves as CEO. The firm has participated in a total of 4 deals, raising USD 1.
97 billion overall. KCA Deutag Group offers a range of integrated drilling services, focusing on advanced engineering solutions tailored for oil and gas operations. The company utilizes modern drilling rigs and innovative technologies to enhance operational efficiency and safety. Their services cater to various sectors, including onshore and offshore drilling, ensuring precision and reliability in resource extraction.
For the year 2023, KCA Deutag Group reported a revenue of USD 141. 93 mn and an EBITDA of USD 24. 03 mn, primarily generated through contracts with oil and gas operators for drilling services. Following the acquisition by Helmerich & Payne, Inc.
, KCA Deutag Group aims to leverage its new resources to expand its operational capabilities and enhance its market presence, particularly in the US and Middle East. The recent funding will support the development of new drilling technologies and the expansion of services into these key markets, improving overall service offerings. The acquisition will enable the firm to optimize operations and align with Helmerich & Payne's strategic goals.
Current Investors
First Reserve, Pamplona Capital Management
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Equipment and Services, Oil & Gas Exploration and Production, Construction, Industrial Machinery
Website
www.kcadeutag.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
KCA Deutag Group - timeline of key events
KCA Deutag Group - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | KCA Deutag Group | - | ||||||||
| Trade Sale | Completed | Global Tender Barges | - | ||||||||
| Restructuring | Completed | KCA Deutag Group | - | ||||||||
| Secondary Buyout | Completed | KCA Deutag Group | - | ||||||||
| Public to Private | Completed | KCA Deutag Group | - |
Displaying 1 - 5 of 5
KCA Deutag Group - employee data
Time to go Pro
Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.