Investment in ROV company
Alchemy helps M2 Subsea buy vehicles
A fund advised by Alchemy Special Opportunities is providing capital for Aberdeen and Houston based M² Subsea.
The company, founded by Mike Arnold, is expected to become one of the largest independent providers of ROV services globally.
It will create at least 50 onshore and 100 offshore jobs operating primarily in the North Sea, Gulf of Mexico, West Africa and eventually Asia Pacific and the Middle-East by the end of next year.