Gulf Capital Announces Full Exit from Kuiper Group
Deal News | Apr 21, 2025 | Zawya
Gulf Capital, a major private equity firm in the GCC region, announced its complete exit from the Dubai-based Kuiper Group through a strategic sale to India's Asian Energy Services. This transaction follows a previous separation of Kuiper's Australian operations, which underwent a management buyout. Asian Energy Services, known for its integrated service offerings in the energy and mining sectors, acquired 100% of Kuiper Group, including stakes from both Gulf Capital and the founders of Kuiper and OCB Oilfield Services. The acquisition will be funded through internal accruals and debt, expected to close in the next two months. Gulf Capital had expanded Kuiper's reach across Asia after its initial acquisition of OCB Services. This strategic sale allows Asian Energy Services to scale its operations and enhance service offerings, fostering growth in the Middle East and Southeast Asia.
Sectors
- Private Equity
- Energy Services
- Oil and Gas
Geography
- Middle East – Gulf Capital is based in the GCC, and Kuiper Group has operations in Middle Eastern countries.
- India – Asian Energy Services, based in India, acquired Kuiper Group.
- Southeast Asia – The acquisition strategy discusses expansion into Southeast Asia.
Industry
- Private Equity – The article discusses Gulf Capital, a private equity firm, and its strategic exit transaction.
- Energy Services – The primary focus of the acquisition involves the energy sector, specifically related to offshore construction and maintenance services.
- Oil and Gas – Kuiper Group is positioned as an international energy business services platform, primarily within the Oil & Gas sector.
Financials
- Unspecified – The financial terms of the acquisition were not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Gulf Capital | Selling Company | Company | A significant private equity firm in the GCC, facilitating the sale of Kuiper Group. |
| Kuiper Group | Target Company | Company | A Dubai-based offshore crew provider, acquired by Asian Energy Services. |
| Asian Energy Services | Bidding Company | Company | An Indian integrated service provider to the energy and mining sectors, acquiring Kuiper Group. |
| OCB Oilfield Services | Other Company | Company | Part of the initial acquisition by Gulf Capital, related to Kuiper Group. |