NORWAY - Ferd completes largest ever buyout by a Norwegian-based private equity fund

Ferd Private Equity Fund II has led the group of investors that has acquired oil service company Aibel Ltd for $900m from Candover, 3i and J P Morgan Partners LLC private equity funds. The transaction marks the largest ever buy-out by a Norwegian-based private equity fund. Ferd Private Equity Fund II will become the largest shareholder with controlling interest in Aibel.