Sale of a majority equity position to Allegro Funds
In May 2017 it was announced that Australian private equity fund manager, Allegro Funds, had completed the acquisition of a majority equity position in Terrex Seismic (“Terrex”), partnering with Terrex’s founder and Executive Director Steve Tobin.
For over 35 years, Terrex has been Australia’s leading provider of seismic acquisition services to the onshore oil and gas and minerals markets.
The transaction completed on 28 April 2017.
Azure advised Terrex Seismic on all aspects of the transaction including valuation, strategic advice, structuring and negotiation of the relevant transaction agreements.