M&A Deal Summary

Blue Water Energy Acquires Wellesley Petroleum

On June 14, 2015, private equity firm Blue Water Energy acquired oil/gas exploration company Wellesley Petroleum

Acquisition Highlights
  • This is Blue Water Energy’s 3rd transaction in the Oil/Gas Exploration sector.
  • This is Blue Water Energy’s 2nd transaction in Norway.

M&A Deal Summary

Date 2015-06-14
Target Wellesley Petroleum
Sector Oil/Gas Exploration
Buyer(s) Blue Water Energy
Deal Type Buyout (LBO, MBO, MBI)

Target

Wellesley Petroleum

Stavanger, Norway
Wellesley Petroleum is a new exploration company focussed exclusively on the Norwegian Continental Shelf. Wellesley’s vision is to build a material portfolio of commercial reserves and an inventory of high-class exploration prospects. Wellesley Petroleum AS was founded in 2014 and is based in Stavanger, Norway.

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Buyer(S) 1

DESCRIPTION

Blue Water Energy is a private equity firm focused on building energy companies. Blue Water looks to invest up to $150 million per project with a focus on production, upstream equipment and services, and midstream/downstream equipment and services. Blue Water typically invests in partnership with experienced management teams that have a track record of value creation. Blue Water Energy was formed in 2011 and is based in London.


DEAL STATS #
Overall 8 of 24
Sector: Oil/Gas Exploration M&A 3 of 6
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 5
Country: Norway M&A 2 of 3
Year: 2015 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-02 Drilling Systems

Dorset, United Kingdom

Drilling Systems Ltd. offers a wide range of simulators, software and training products and services for the oil & gas industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-23 Kent

Dubai, United Arab Emirates

Kent is a diversified electrical services provider with core capabilities that include the provision of multidiscipline engineering, procurement, construction, commissioning, and maintenance services across a range of energy and industrial facilities in key growth regions around the world. Kent was founded in 1994 and is based in Dubai, United Arab Emirates.

Buy -