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