Phoenix prepares to sell ASCO
Phoenix Equity Partners has hired Lexicon Partners to advise on a possible sale or part sale of ASCO Group.
Phoenix acquired ASCO in 2006 for £124m. The Aberdeen-based company provides oil and gas logistical support services and environmental services to clients around the world.
ASCO, which already has a presence in Asia and in the Middle East, is currently looking for investment to expand into other markets.
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