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US private equity firm Hellman & Friedman has agreed a majority buyout of energy data analytics and SaaS business Enverus from Genstar Capital.
Enverus provides a software, data, and analytics platform to the oil and gas field exploration and production, oilfield services and electrical power sectors, among others.
Hellman partner Ben Farkas said, “We are seeing a technology revolution in the energy sector and Enverus is the clear leader providing world-class SaaS solutions and innovation.
“The company’s state-of-the-art platform offers robust technology and powerful analytics delivering mission-critical insights to the world’s largest industry.
“This investment is an example of H&F’s strategy to invest in high-quality, market-leading businesses with an impressive runway for growth.”