Dr Chris Fay
The Sunday Times: Kohlberg Kravis Roberts, Technip and Candover head for Expro clash
April 13, 2008
Ben Marlow
EXPRO, the oilfield-technology company, is to be the subject of a takeover battle after it received a number of bid approaches.
The company has received expressions of interest from the buyout giant Kohlberg Kravis Roberts (KKR) and French rival Technip, following an earlier approach from Candover, the private-equity firm.
Although KKR and Technip have held talks with Expro’s management, it is not known whether they have been given access to the company’s books or how advanced their interest is.