Epi-V is a specialist fund established to invest in emerging technology and service companies within the upstream oil and gas services sector.
Deal Information
In August 2007, LDC committed £50million to Epi-V fund, and a further £50million in July 2011.
The fund will primarily focus on equity investments of between £2million and £10million in investment opportunities which are pre-dominantly based in the UK, Europe or North America.
The fund will target businesses developing “disruptive” technologies which have the potential to revolutionise existing processes and which will have significant future value to international oil and gas operations. The fund will target businesses across the oil and gas life cycle - geological surveying, exploration, production, remedial services and site abandonment.
The Epi-V team has a strong track record of identifying, investing in and growing businesses in the sector particularly where these have some form of disruptive technology. Previous successful investments for the team include Sensa and SPS.
The Epi-V team are active investors and use an innovative, scalable value creation methodology which they apply to businesses to maximise shareholder value growth and speed up the time taken to effectively develop and market the technology.
In July 2011, LDC committed £50million into the second fund for Epi-V, taking the total amount raised by the Epi-V team to £110million. Epi-V has already committed over £60million in six firms including i-tec, which designs and manufactures highly advanced drilling and intervention products and Darcy, which has developed and is now commercialising a revolutionary sand management system in the well completions arena.