Oakfield Capital Partners To Acquire Coryton Advanced Fuels From BP

Published: Jul 12 2010
Deal Summary

Oakfield Capital Partners, a private equity firm, made an investment in Coryton Advanced Fuels (CAF) to acquire the assets of biofuel company Coryton Fuels Technology Unit (FTU) from BP p.l.c.

Additionally, HSBC Bank has provided CAF with term loan and overdraft facilities as part of the transaction. Following the transaction, FTU’s workforce has joined CAF.

Goodfellow said, ‘Efficiency has become the primary goal within automotive and aviation industries. We are pleased to be in a position to contribute to the introduction of new efficient technologies by providing advanced fuels and biofuels to support development and testing in a cost effective and timely manner. The specialist team at Coryton has a first class record in supplying industry customers with high quality precision products and advice and we look forward to developing the business together with them to meet the future challenges.’

You can receive detailed “Deals Analysis Alerts” delivered to you on a Monthly basis as part of GlobalData’s Clean Technology ResearchViews – sign up below to receive a FREE demo:
* Indicates Mandatory
*Name:  
*Company:  
*Email:    
*Country:  
*Phone Number:          
*Time Zone:  
Comments:

Send to friend

*Your EmailID:    
Message:
*Friend's EmailID: