SCOTTISH businessman Sir Fraser Morrison and his family trust have sold their "significant majority stake" in Ramco Oil Services, the Aberdeen-based supplier of tubular services to the oil and gas industry.
SCOTTISH businessman Sir Fraser Morrison and his family trust have sold their \"significant majority stake\" in Ramco Oil Services, the Aberdeen-based supplier of tubular services to the oil and gas industry.
DEAL: Mark Kerr, centre, flanked by Ramco commercial director Malcolm Edward, left, and Stewart Cumming. Picture: John Borowski
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SCOTT WRIGHT
LDC, the private equity arm of Lloyds Banking Group, has acquired the company in a secondary buyout worth more than £30 million.
The deal also paves the way for further international expansion for Ramco, with LDC stating funding is available for further acquisitions and to power organic growth.
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