OREANDA-NEWS. August 17, 2010. Integra Group (LSE:INTE), a leading independent provider of onshore oilfield services, and United Capital Partners (UCP), a private equity and asset management Group, announce that the transaction for  the sale of Integra’s heavy drilling rig manufacturing business in Yekaterinburg was closed today.

The deal involved the sale of a 100% stake in ZAO URBO (Yekaterinburg) by Integra to UCP for USD 40 million plus reimbursement of certain transaction expenses.

United Capital Partners (UCP) Group of companies was founded in 2006 as an asset management platform for its clients and partners.  UCP manages a number of funds investing in fast-growing private companies and in securities of publicly traded Russian companies.  The private equity funds under UCP management use the strategy of achieving capital appreciation by investing in small and medium size companies with high growth potential.  As of 1 April 2010, UCP Group had USD 1.2 billion in assets under management.