DARAG Group has completed the sale of its North American and Bermuda business entities to the RiverStone Group.
According to the companies, both parties are committed to ensuring there is no disruption to the business entities and their healthy transaction pipeline as they transition over to the RiverStone Group.
Tom Booth, CEO of DARAG, comments: “We are pleased to complete this transaction, which simplifies DARAG’s operations. It allows the Group to focus on its core European business, and brings additional capital to execute a strong pipeline of European transactions, several of which are in advanced stages of negotiation.
“We will now be bringing firepower to our European core where our strong, well capitalised niche position and good market conditions provide an excellent outlook.”
