Inflexion backs MBO of Viking Moorings

The high price of oil has stimulated a surge in offshore activity in the North Sea from which Viking Moorings is ideally positioned to benefit. Operating in the Norwegian and UK offshore moorings market is technically demanding and requires a suite of regulatory approvals, creating high barriers to entry. Viking Moorings is growing strongly as a result of offering more technically advanced solutions to clients in the North Sea and to international markets.

Funds managed by Inflexion have invested £9.0m taking a majority equity share holding. The management team have also invested, and Royal Bank of Scotland provided a package of £16m of debt facilities and £5m capex and WC facilities to support future growth

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