Oak Hill Advisors Enters Support Agreement for Expro Group Redomicile, Maintains 10.5% Stake
Oak Hill Advisors, L.P. filed an Amendment No. 5 to its Schedule 13D for Expro Group Holdings N.V. (XPRO), reporting a beneficial ownership of 11,961,960 shares, representing 10.5% of the class. This amendment primarily addresses a Voting and Support Agreement entered into on April 17, 2026. Under this agreement, the Oak Hill Funds have committed to vote their shares in favor of a proposed redomicile transaction, which would see the issuer move its jurisdiction of organization from the Netherlands to the Cayman Islands. The filing also notes minor adjustments to holdings, including a pro-rata in-kind distribution of 195,899 shares to partners on March 2, 2026, and the inclusion of 198,154 shares underlying options and 17,104 unvested RSUs held by an employee for the benefit of OHA clients. The reporting person maintains sole voting and dispositive power over the 11,961,960 shares reported. This filing highlights significant support from a major shareholder for the issuer's strategic restructuring plans.