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New Promotion Strengthens Investment Team

New Promotion Strengthens Investment Team

We are pleased to announce the promotion of Rajat Maheshwari to Investment Manager in our Aberdeen office.

Rajat has nearly a decade of energy industry experience, and joined EV Private Equity in 2015. Since joining the company, he has played a key role in managing our growing portfolio of leading energy service companies across the globe.

Rajat Maheshwari

His new role brings more responsibility and accountability in terms of strategic direction and stewardship. Central to this will be leveraging the network, insights, and expertise within the EV Private Equity team, operating partners and advisory board. 

Helge Tveit, EV Private Equity Managing Partner, said:

“Rajat has been an integral part of the EV family and has shown exceptional dedication and commitment during his time with us. This promotion is testament to Rajat’s incredible work ethic and his outstanding contributions to the company, as well as our portfolio companies. I wish Rajat success in his new role.”

Commenting on his promotion, Rajat said:

“I am very pleased to be part of EV. Since joining the company, I have had ample opportunities to grow alongside many talented industry professionals. We have a unique culture steeped in Norwegian sensibilities of fairness and partnership, with a collective mission of making a positive impact on the energy industry.”

“I have been with the company for close to five years, and during that time I have been fortunate enough to be exposed to the entire lifecycle of an investment, from origination through to exits. I look forward to continuing this success in the future.”

Rajat’s career highlights in 2019 included the following transactions:

  • Investment in platform business Motive Offshore, a north-east of Scotland based specialist in manufacture, rental, and inspection of high-quality marine equipment to the oil & gas, marine, and offshore wind industries, and the add-on acquisition of Stavanger based Pumptech AS
  • Investment in platform business Enhanced Drilling, a Norway based provider of technology-led equipment that enables safer, more efficient, and environment friendly drilling operations, and the follow-on merger with IKM Cleandrill.

Read more about the EV Private Equity portfolio here.