Loyens & Loeff advised Triton Partners, a UK-based private equity firm, on the acquisition of a majority stake in DeepOcean Group Holding B.V., a Netherlands-based provider of safe, high quality, innovative services and technologies for the subsea industry.

Through the transaction, Triton will contribute their strategic insights and operational know-how, which will enable the growth and development of DeepOcean. The transaction will significantly strengthen DeepOcean’s balance sheet and will provide them an improved liquidity position and outlook for the future. Post acquisition, Triton will become the major shareholder of DeepOcean.

The transaction is subject to regulatory approvals and is expected to close around the beginning of 2017.