Buyout sees Perenco North Sea partner HH LAPS become Everard Energy
Buyout sees Perenco North Sea partner HH LAPS become Everard Energy
HH LAPS, a partner on Perenco assets in the Southern North Sea, has been rebranded as Everard Energy following a management buyout.
Its former parent, Hansa Hydrocarbons, was sold to Discover Exploration in 2018, but the UK business remained under the onwership of private equity player Avista Capital Partners.
Following a management buyout from Avista, HH Laps has now been renamed Everard Energy, helmed by CEO John Martin, a 30-year industry veteran who co-founded the original firm back in 2008.