DP World has agreed to acquire a 100% interest in offshore logistics firm Topaz Energy and Marine for an enterprise value of $1.07bn.
The Dubai-based port operator bought its overall control in Topaz from Renaissance Services SAOG and Affirma Capital, a Standard Chartered Private Equity company.
Topaz manages a fleet of 117 vessels, its business primarily focusing on the Caspian Sea and Middle Eastern, North African and West African vicinities.
In addition, Topaz has business relationships with...