A GREEK private equity business has bought an Aberdeen oil services firm in a £20 million deal that provides further evidence of the strength of investor interest in the sector.

NBGI Private Equity has acquired a controlling stake in ATR Group, which rents out tools used in oil and gas maintenance work, from Glasgow-based Maven Capital Partners.

The deal is the first oil and gas transaction completed by NBGI Private Equity, a division of National Bank of Greece.

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