Phoenix Equity Partners is planning to sell Asco Group, oil and gas logistics business based in Aberdeen, Financial Times reports. The U.K. mid-market private equity group has selected advisory boutique Lexicon Partners to sell a part of the company.
Phoenix purchased the company for £125 million five years ago. Asco offers logistics services, such as running supply bases and transporting hazardous waste for the oil and gas sector.
Click here for the story from Financial Times.