Investcorp said it had acquired Moody International (Holdings) Limited.

Investcorp, the asset management firm specialising in alternative investments, said it had acquired Moody International (Holdings) Limited, a leading global provider of inspection services and outsourced personnel supply to the oil and gas sectors, as well as a leading provider of certification services in certain high growth markets.  

Established in 1911 and headquartered in the UK, Moody has a particularly strong presence in North America, Northern Europe, Russia, the Caspian region and North Asia (including Japan and China) and a growing presence in the Middle East, Southern Asia, South America and Africa. 

Moody boasts a blue chip client base including BP, Royal Dutch Shell, Statoil, Exxon Mobil, Chevron, Dow Chemicals, Saudi Aramco, Lukoil and Rosneft. 

The company’s range of services includes on-site vendor inspection, fabrication inspection and maintenance inspection services to many of the world’s leading oil and gas companies. 

Moody utilises its global network of offices to co-ordinate the provision of these services for its clients primarily in support of their upstream oil and gas development projects.

Commenting on the transaction, Investcorp chief operating officer Gary Long said:

“The acquisition of Moody represents an attractive investment opportunity for Investcorp given its leading niche positions, earnings generated worldwide from a very high quality client base, and the continuing strong growth in demand for services in the oil and gas sectors.”

Investcorp is a leading provider and manager of alternative investment products.

It has offices in New York, London and Bahrain and is publicly traded on the London Stock Exchange (IVC) and Bahrain Stock Exchange (INVCORP). Investcorp has five lines of business: private equity, hedge funds, real estate, venture capital and Gulf growth capital.

Founded in 1982, Investcorp has grown to become one of the largest and most diverse alternative investment managers in terms of both product offerings and geography.

It currently has over $10bn in invested assets under management. TradeArabia News Service