Repsol - M&A Summary and Business Overview

Oil/gas ExplorationCompany

Repsol M&A Summary

Repsol has acquired 7 companies, including 4 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 4 assets.

Repsol’s largest acquisition to date was in 2010, when it acquired Enduring Resource - South Texas Eagle Ford Assets for $1.3B. It’s largest disclosed sale occurred in 2023, when it sold Repsol - Canadian upstream oil and gas business to Peyto Exploration & Development for $468M. Repsol has acquired in 1 US state, and 3 countries. The Company’s most targeted sectors include renewable energy (43%) and oil/gas exploration (29%).

Repsol Business Overview

Where is Repsol headquartered?

Repsol is headquartered in Madrid, Spain.

What is Repsol’s revenue?

Repsol disclosed revenue of 58,948M EUR for 2023 and 75,153M EUR for 2022.

How many employees does Repsol have?

Repsol has 24,537 employees.

What sector is Repsol in?

Repsol is an oil/gas exploration company.

When was Repsol founded?

Repsol was founded in 1927.

M&A Summary

  • M&A Total Activity11
    • M&A Buy Activity7
    • M&A Sell Activity4
  • Total Sectors Invested 4
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 12
  • M&A Advisors 3

Repsol

Repsol, S.A

Repsol Campus C/ Mendez Alvaro, 44,
Madrid, 28045
Spain,
+34 91 753 81 00
www.repsol.com

Repsol operates as a multi-e energy company worldwide. Its Upstream segment engages in the exploration, development, and production of crude oil and natural gas reserves, as well as develops low-carbon geological solutions. Repsol was founded in 1927 and is based in Madrid, Spain.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.8/yr) # 3 - 2 - 2 - 7
vol $1.8B $1.4B $3.2B
Sell (0.4/yr) # 2 - 1 - 1 - 4
vol $268M $468M $736M
  11

Most Recent M&A

Company Date Value Type
ConnectGen LLC 2023-09-09 768M USD Add-on Acquisition
Houston, Texas · www.connectgenllc.com
Repsol - Canadian upstream oil and gas business 2023-09-07 468M USD Divestiture
Calgary, Alberta
Asterion Energies S.L 2023-01-16 631M EUR Add-on Acquisition
Madrid, Spain · www.asterionenergies.com
Repsol, S.A. - Fuel Business 2021-04-14 - Divestiture
, Italy
Gana Energía 2021-03-09 - Add-on Acquisition
Valencia, Spain · www.ganaenergia.com
Klikin Deals Spain SL 2021-02-08 - Add-on Acquisition
Madrid, Spain · www.klikin.com
Naturgy Energy Group SA 2016-09-12 - Stake Sale
Madrid, Spain · www.naturgy.com
Repsol - Offshore Wind Power Business 2016-02-25 268M EUR Divestiture
, United Kingdom
Enduring Resource - South Texas Eagle Ford Assets 2010-12-01 1.3B USD Divestiture
, Texas
Common Resources - Eagle Ford Assets 2010-05-19 359M USD Divestiture
, Texas
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Talisman (Colombia) Oil & Gas Ltd.    - Talisman - CPE-6 Block 2015-12-21 1
Bogota, Colombia · www.talisman-energy.com/operations/other_areas/colombia , Colombia

M&A by Sector

Sector Buy # Value Sell # Value
Oil/Gas Exploration 2 (29%) 1.7B (53%) 2 (50%) 468M (64%)
Renewable Energy 3 (43%) 1.4B (44%) - -
Energy Services and Equipment 1 (14%) 99M (3%) 1 (25%) -
Internet Software and Services 1 (14%) - - -
Utilities - - 1 (25%) 268M (36%)
Total 7 $3.2B 4 $736M

By Geo

State/Country Buy Value Sell Value
Spain 3 631M 1 -
United States 3 2.5B - -
  Texas 3 2.5B - -
United Kingdom 1 99M 1 268M
  Alberta 1 99M - -
Canada - - 1 468M
  Alberta - - 1 468M
Italy - - 1 -
Domestic 3 (43%) 631M (20%) 1 (25%) -
Cross-border 4 (57%) 2.6B (80%) 3 (75%) 736M (100%)
Total 7 $3.2B 4 $736M

Top M&A Advisors

Financial Deals
RBC Capital Markets
1
Guggenheim Securities
1
Legal Deals
Baker Botts
1

Deal Values

buy # Total
> $1B 1 $1.3B
$100M to $1B 3 $1.8B
< $100M 1 $99M
TOTAL $3.2B
Largest Enduring Resource - South Texas Eagle Ford Assets
$1.3B (2010-12-01)
sell # Total
$100M to $1B 2 $736M
TOTAL $736M
Largest Repsol - Canadian upstream oil and gas business
$468M (2023-09-07)

M&A Connections

Deals
Acquired from
Investor(s)
43%
3 (43%)
Strategic(s)
29%
2 (29%)
Divested to
Investor(s)
25%
1 (25%)
Strategic(s)
75%
3 (75%)

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