Epi-V and Energy Ventures acquire DWC

Epi-V, the oil and gas investor backed by LDC, and Energy Ventures completed the investment from their second and fourth fund, respectively.

Epi-V and Energy Ventures will aim to accelerate the commercialisation of DWC's technology as well as internationalise the business. The off-market deal was sourced through Epi-V's Norwegian network and took four months to complete, bypassing an auction process.

Epi-V is a £50m venture fund launched in May 2007, according to unquote" data. Its portfolio includes Darcy, a sand-control technology company; Guardian, a designer and manufacturer of advanced ballistics and production-logging technology; and Angus Fire, a manufacturer of high-powered hoses for fracking in the US land market.

Company
Founded in 2012 and based outside Bergen in Norway, DWC specialises in the removal of sand and sediments for well applications, in order to increase oil and gas production and recovery.

With operations in the North Sea and a presence in the Middle East, the company's customers include Statoil and Saudi Aramco.

People
John Hutchinson led the deal for Epi-V. Einar Gamman is a partner at Energy Ventures . Øyvind Heradstveit is the CEO of DWC.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Nordics
• Buyouts
• Industrials
• Now researching
• Norway
• Energy Ventures IS