BZ has provided $150 million of acquisition and working capital facilities to support Davidson Kempner Capital Management LP’s (“Davidson Kempner”) acquisition of SES Energy(“SES”),a global provider of integrated services and equipment for the energy industry.

BZ’s acquisition facilities comprise revolving facilities secured against both receivables in the UK, USA, and Norway and rental equipment assets located in the UK, USA, Norway, and Brazil. The financing provided the flexibility and certainty required to complete the transaction efficiently and will support strategic plans to expand SES’s global presence and accelerate its transition toward the wider energy sector.

Founded in 1979 and headquartered in Aberdeen, SES employs over 500 people across 28 countries and owns and operates a fleet of more than 51,000 cargo-carrying units. This positions SES to play a key role in offshore energy operations and meet the evolving needs of its international customer base.

Manfred Vonlanthen, CEO of SES, said: “We’re pleased to have worked alongside BZ, whose tailored financing approach has given SES the platform to deliver on its growth strategy and respond to the shifting dynamics of the energy industry”.​​​​

Peter Jaffe, CEO of BZ, said: “BZ is pleased to support Davidson Kempner and the management team at SES on this key strategic acquisition in a global energy market where we have extensive experience. This transaction demonstrates our ability to structure a flexible asset-based solution to a broad range of balance sheet assets and deliver a funding package that aligns with the growth ambitions of all stakeholders.”

Duncan Maybury, Associate at BZ added: “The SES team has built a strong and scalable business with real depth of expertise. This transaction provides the foundation for the next phase of that journey, and we are proud to have been part of it”.

BZ provides debt structures of up to £200 million, supporting clients across a broad range of sectors and jurisdictions. By combining asset-based working capital facilities with term and cash flow tranches, BZ delivers flexible, tailored private credit solutions that meet strategic objectives. This transaction reflects BZ’s continued commitment to partnering with private equity sponsors and management teams to deliver innovative financing solutions that enable long-term growth.

BZ was advised by Squire Patton Boggs and Hilco Valuation Services.