Avance advises funds managed by Oaktree Capital Management, L.P., in their divestment of Evac Group to IK VII Fund. Evac Group is headquartered in Espoo, Finland, with a presence in more than 40 countries around the world. Over the years, Evac has delivered over 1 million vacuum sanitation units for more than 12,000 vessels, including cruise liners, car and passenger ferries, naval vessels, submarines and yachts.
Completion of the transaction is subject to legal and regulatory approvals.