Parcom Capital and management acquire GustoMSC

Parcom Capital and the management team of GustoMSC today announce that agreement has been reached with SBM Offshore N.V. to acquire GustoMSC. The transaction is subject to financing and is expected to close by 30 November 2012.

Nils van Nood, Managing Director of GustoMSC comments: “We are very pleased to have Parcom on board as a strong shareholder and partner that shares our ambitions. With their support and value-added sector expertise, we are fully confident that we can continue to further develop our market position as reputable and independent designer of mobile offshore units. This new ownership enables us, our clients and other business partners to continue our business as usual”.

Piet-Hein de Jager, partner at Parcom Capital, said: “We are delighted with the acquisition of GustoMSC. GustoMSC has an outstanding reputation, is well positioned to achieve further growth in the global offshore market and is an excellent addition to our portfolio of investments. We are keen to further develop the business of the company, working closely with management, the employees and also the customers.”

About GustoMSC
GustoMSC is a leading company for the supply of proprietary designs of mobile offshore units and for delivery of associated equipment. Rooted 150 years ago in 1862, GustoMSC provides solutions that are aimed at the offshore exploration, construction and production markets. The proprietary designs include jack-ups, semi-submersibles and mono-hull vessels. The associated equipment offered together with the proprietary designs includes jacking systems, fixation systems and cantilever X-Y skidding systems for jack-ups as well as thruster retrieval systems and special offshore cranes.

Headquartered in Schiedam, GustoMSC employs over 130 highly skilled and talented people. Their unique in-depth offshore design knowledge and GustoMSC’s strong reputation have resulted in valuable and long term relations with predominantly international clients. These clients include shipyards, construction and drilling contractors, vessel and rig operators and oil companies.

For further information:
Nils van Nood, Managing Director
Telephone: +31 (0)10 2320434

About Parcom
Parcom Capital is a pan-European investment firm that focuses on helping management teams realizing their ambitions. Established in 1982 and supported by over EUR 1.6 billion of capital, Parcom has been a successful investment firm for more than 30 years. With offices in Amsterdam, Paris and Munich, Parcom has been able to invest in over 250 European companies. For further information:

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