Dentons has advised Charles Ritchie’s Testamentary Trust, the majority shareholder of global energy services engineering business Score Group.
SCF Partners executed the acquisition of Score Group for £120 million. The transaction is expected to close during the first quarter of 2020.
Founded in 1982 by Charles Ritchie, Score is headquartered in the Aberdeenshire town of Peterhead. The company has been 96% majority owned by a family trust bearing his name since his death in 2017. Operating across 14 countries, Score is the biggest employer in Peterhead, where 800 of its 1,900 employees are based.
SCF Partners is a specialist investor in the energy services and equipment industries, and is represented in Houston, Calgary, Aberdeen and Singapore.
Dentons team was led by Corporate partner Brian Moore (Picture) from Dentons’ Edinburgh office.
Involved fees earner: Brian Moore – Dentons;
Law Firms: Dentons;
Clients: Charles Ritchie’s Testamentary Trust;