i guess the questions have to be asked............
who were the PE groups involved, and what was their motive ?
were they to......
get involved in a industry wide services provider with the major LNG projects coming ?
maybe casting aside aspects of the business that werent functioning, or selling to those keen on that aspect ? eg survey business to fugro.
inject cash into the company to allow greater firepower when tendering ? eg buying other assets like vessels.
the options are endless.
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