Gulf Capital announced its successful exit from Kuiper Australia through a management buyout, enabling the company to operate independently while maintaining affiliation with Kuiper Group.

Information on the Target

Kuiper Australia, a significant player in the manpower outsourcing sector for the offshore energy industry, recently underwent a management buyout. This transaction was facilitated by Gulf Capital as part of a carve-out from its portfolio company, Kuiper Group. The current CEO, Mr. Mark Somic, will continue to lead Kuiper Australia while maintaining a close relationship with Kuiper Group, ensuring that clients benefit from the synergies between the two entities.

This transaction marks Gulf Capital's second successful exit this month, following the divestment of Middle East Glass in Egypt, highlighting the firm's active portfolio management and exit strategy.

Industry Overview in Australia

The offshore energy sector in Australia has experienced significant growth, driven by the increasing demand for energy resources and the country's strategic geographic