BOURBON has successfully completed a significant restructuring with new majority shareholders Davidson Kempner and Fortress aiming to enhance profitability and reposition the company as a leader in offshore energy services.

Target Information

BOURBON, a prominent provider of offshore energy services, has recently completed a significant financial and capital restructuring. This transformation includes the entrance of new majority shareholders, Davidson Kempner Capital Management LP and Fortress Investment Group, both of whom share a collective goal of enhancing the group’s profitability and positioning it as a leading player in the offshore market. The restructuring was officially approved by the Marseille Economic Affairs Court on July 17, 2025, culminating a detailed transformation plan initiated a year earlier.

The restructuring has facilitated the conversion of a considerable portion of BOURBON's debt into equity, alongside an influx of new capital. This financial reconfiguration has resulted in a balanced and sustainable financial structure, allowing BOURBON to operate with a leverage ratio below 1.5x EBITDA. With a healthier balance sheet, the company is now poised to invest substantially in its fleet and operational capabilities.

Industry Overview

The offshore energy services industry plays a crucial role in the global energy market, characterized by continuous demand driven by both traditional energy sources and renewable initiatives. The sector has been experiencing robust gr