KKR affiliate acquires majority interest in Acteon Group

Subsea services specialist Acteon Group has announced the acquisition of a majority interest in the company by an affiliate of Kohlberg Kravis Roberts (KKR) from First Reserve, with management retaining a significant holding.

The executive management team will remain in place.

As part of the transaction, Houston-based private equity company White Deer Energy will be investing alongside KKR and management.