UK - First Reserve Corporation acquires Acteon Group Ltd

First Reserve Corporation has acquired a majority stake in Acteon Group Ltd. Acteon is a leading worldwide provider of specialised offshore and subsea services and equipment. The Company is active in the subsea service and construction market and offers its customers a range of services aimed at 'linking seabed to surface' over the life of an offshore project. Headquartered in Norwich, Acteon is involved in most of the key offshore oil and gas provinces in the world and has 600 employees worldwide.