Project Description

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Transaction
– SubSea Global Solutions, LLC (“SubSea” or the “Company”) SubSea Global Solutions (“SubSea” or the “Company”) is a leading provider of underwater repair, maintenance and marine construction solutions for vessels and ports globally
– R2F advised SubSea on its recapitalization by Lariat Partners, LP (“Lariat”)

Issues
– SubSea’s management was looking for a strategic partner to grow the business, not just a financial buyer
– The marine business was coming out of an industry downturn

Solution
– Through an auction process, R2F identified Lariat as the right strategic partner for SubSea
– R2F principal’s successfully structured and negotiated the transaction