M&A Deal Summary

Neptune Energy Acquires ENGIE E&P International SA

On May 11, 2017, Neptune Energy acquired oil/gas exploration company ENGIE E&P International SA from ENGIE for 4.7B EUR

Acquisition Highlights
  • This is Neptune Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Neptune Energy’s 0th largest (disclosed) transaction.
  • This is Neptune Energy’s 1st transaction in France.

M&A Deal Summary
Date 2017-05-11
Target ENGIE E&P International SA
Sector Oil/Gas Exploration
Buyer(s) Neptune Energy
Sellers(s) ENGIE
Deal Type Divestiture
Deal Value 4.7B EUR

Target

ENGIE E&P International SA

Paris, France
website
ENGIE E&P International SA is a large global E&P business focused on North West Europe and with operations in North Africa and South East Asia. EPI produces more than 150 kboepd and has proven and probable reserves of 672 mmboe. The assets are advantageously spread across the spectrum of the value chain from pre-development and development through to long-life production. EPI’s production mix is equally weighted between oil and gas.

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Buyer(S) 1

Buyer

Neptune Energy

London, United Kingdom

website

Category Company
Founded 2017
Sector Oil/Gas Exploration
DESCRIPTION

Neptune Energy is a new oil & gas investment vehicle offers full life-cycle capabilities across exploration, development, and production. The company produces over 55 million barrels of oil equivalent (MMBOE) per year and has proven and probable reserves of over 600 MMBOE. Neptune Energy was founded in 2017 and is based in London, United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (France) 1 of 1
Year (2017) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-23 Neptune Norway

Sandnes, Norway

Neptune Norway produces high-value barrels and an asset portfolio supporting long-term sustained value creation and underpins to increase production. Neptune Norway is based in Sandnes, Norway.

Sell $2.3B

Seller(S) 1

SELLER

ENGIE

Courbevoie, France

website

Category Company
Founded 1880
Sector Utilities
Employees171,000
Revenue 93.9B EUR (2022)
DESCRIPTION

ENGIE is a French utility company. GDF provides electricity generation and distribution, natural gas and renewable energy. ENGIE was founded in 1880 and is based in Courbevoie, France.

DEAL STATS #
Overall 7 of 8
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 6 of 7
Country (France) 2 of 2
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-14 EV-Box B.V.

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EV-Box B.V. is one of the world’s major electric vehicle charging services providers with over 40,000 charging stations in service. EV-Box has been developing and selling electric vehicle charging solutions since 2010 and has already established its market leadership in its home country. The company sells charging stations, charging management software and services to business, public sector and residential customers and has developed a reputation for market-leading quality and innovation. EV-Box has recently started extending its geographical reach into Belgium, France, Scandinavia, Germany, the UK and the USA, while still reaching over 20 countries through a strong base of partners.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-15 B-G Mechanical Contractors

Chicopee, Massachusetts, United States

B-G Mechanical Contractors, Inc. is a designer, installation, and maintenance of energy efficient air conditioning, plumbing, and heating systems for commercial, industrial, and institutional clients throughout New England.

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