£310m Hg Capital sale in the pipeline

12 April 2012

VENTURE capitalist Hg Capital, formerly Mercury Private Equity, has sold the hi-tech oil and gas pipeline inspection business featured in the James Bond film The World Is Not Enough for £310m.

Pipeline Integrity International is being bought by GE Power Systems, a British-based division of the US conglomerate. In the movie, Bond straddled one of PII's 'intelligent pig' pipeline-inspecting robots.

Hg, which bought the company from BG in a management buy-in worth £90m, said that it had quadrupled its equity investment in the deal.

Create a FREE account to continue reading

eros

Registration is a free and easy way to support our journalism.

Join our community where you can: comment on stories; sign up to newsletters; enter competitions and access content on our app.

Your email address

Must be at least 6 characters, include an upper and lower case character and a number

You must be at least 18 years old to create an account

* Required fields

Already have an account? SIGN IN

By clicking Create Account you confirm that your data has been entered correctly and you have read and agree to our Terms of use , Cookie policy and Privacy policy .

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged in