Norwich-based Acteon provides oil and gas companies with the equipment they need to link the seabed to the surface, and its services range from providing moorings to decommissioning oil wells. It operates in the North Sea, Gulf of Mexico, West Africa and Brazil, and its customers include BP and Chevron. First Reserve backed a secondary buyout for an undisclosed sum in 2006, taking a majority stake. A string of profitable acquisitions overseen by group chief executive Richard Higham has helped sales to grow 66% a year from an annualised £67.1m in 2005 to £309.2m in 2008.
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