Founded in 2002, EV Private Equity is an impact investment company headquartered in Stavanger, Norway, with additional offices in Aberdeen and Houston. The firm specializes in investing in sustainable, medium-sized technology businesses primarily in Europe and North America, focusing on sectors such as energy equipment, exploration, production, refining, and energy services. With a track record of over 4,000 deals, EV Private Equity has made thirty-seven investments and successfully exited eighteen companies. The company is staffed by professionals with extensive experience in the industry, investment, and transactions, supported by a broad network within the oil and gas sector. Through its commitment to sustainability and innovation, EV Private Equity aims to drive growth and create long-term value for its portfolio companies.
In 2001 Anton Ziolkowski, Bruce Hobbs and David Wright of the University of Edinburgh invented a new electromagnetic method to detect sub-sea and underground hydrocarbons. In 2003 they founded MTEM Ltd. to develop the technology and provide land and marine surveys to oil companies. In November 2004 MTEM Ltd. was launched from the University of Edinburgh with £7.4M of funding from three equal investors: HitecVision, Energy Ventures, and Scottish Equity Partners. MTEM Ltd. developed and built systems to perform land and marine transient electromagnetic surveys that can identify hydrocarbons before drilling, thus reducing the risk of drilling “dry” wells and saving millions of dollars per well. In June 2007 Petroleum Geo-Services (PGS) bought MTEM Ltd. for $275M. The University of Edinburgh’s share of the sale was £8.6M, of which £2.6M funded 164 PhD studentships. PGS continues to develop the technology.
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