Baird Capital’s Investment in Subsea Technology & Rentals

In UK Eversheds Sutherland, advised on the matter.

Eversheds Sutherland advised Baird Capital Partners with a team including Catherine Eley (Picture – Corporate M&A), Ben Tumelty (Finance).

Baird Capital invested in Subsea Technology & Rentals (STR), a leading independent subsea rental equipment and specialist services provider to the offshore energy industry.

Baird Capital makes venture capital, growth equity and private equity investments in strategically targeted sectors around the world and is the direct private investment arm of Baird.

The funding will allow STR to develop its equipment and service offerings through organic and acquisition-led growth. The investment will also enable STR to further expand its geographical reach, with the Americas, mainland Europe and Southeast Asia being a key focus for the company, supporting the rapidly growing Offshore wind sector.

Steve Steele will lead STR as Chief Executive Officer alongside Scott Johnstone, Chief Operating Officer. In addition, James Benfield and Andy Dyer from Baird Capital also join the board.

The Eversheds Sutherland corporate team was led by Partner Catherine Eley (Picture), Senior Associate Tom Jackson and Associate Amy Bagni. The global law firm also provided banking advice, led by Partner Ben Tumelty, Senior Associate Catherine Jones, and Associate Zoe Hyde.

 

Involved fees earner: Amy Bagni – Eversheds Sutherland; Catherine Eley – Eversheds Sutherland; Zoe Hyde – Eversheds Sutherland; Tom Jackson – Eversheds Sutherland; Catherine Jones – Eversheds Sutherland; Ben Tumelty – Eversheds Sutherland;

Law Firms: Eversheds Sutherland;

Clients: Baird Capital Partners;

Author: Giulia Di Palma