Blue Water Energy and Nixon Energy Investments have agreed to acquire the oil and gas drill bits division of Swedish group Varel, amounting to a 70% stake in the company, for $90m (SEK 900m).
Danish venture capital firm exits the business after having invested in it in 2016
Restructuring agreement will reduce the company's current debt, amounting to €575m, to €242m
Former partner at IBM Ventures Christoph Auer-Welsbach joins Kaizo as a co-founder
GP has taken a significant minority stake in the Germany-based data privacy software provider