M&A Deal Summary

Evoterra Acquires Terrain Energy

On December 17, 2019, Evoterra acquired oil/gas exploration company Terrain Energy from Calculus Capital

Acquisition Highlights
  • This is Evoterra’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Evoterra’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2019-12-17
Target Terrain Energy
Sector Oil/Gas Exploration
Buyer(s) Evoterra
Sellers(s) Calculus Capital
Deal Type Add-on Acquisition

Target

Terrain Energy

London, United Kingdom
Terrain Energ is an oil and gas exploration and production company. Terrain Energy was founded in 2009 and is based in London, United Kingdom.

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Buyer(S) 1

Buyer

Evoterra

London, United Kingdom

Category Company
Founded 2019
Sector Energy Services and Equipment
DESCRIPTION

Evoterra is a traditional and renewable energy company that was incorporated to purchase the entire share capital of Terrain and MicroEnergy. Evoterra optimizes companies’ assets, creating a larger company with diverse assets, transitioning to a focus on renewables. Evoterra was founded in 2019 and is based in London, United Kingdom.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: United Kingdom M&A 1 of 1
Year: 2019 M&A 1 of 1

Seller(S) 1

DESCRIPTION

Calculus Capital is a UK-based investment group focused on fast-growth companies. Calculus Capital is sector agnostic and looks to commit £2 to £5 million per investment. Calculus Capital is based in London.


DEAL STATS #
Overall 3 of 16
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 12
Country: United Kingdom M&A 3 of 15
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-17 Evoterra

London, United Kingdom

Evoterra is a traditional and renewable energy company that was incorporated to purchase the entire share capital of Terrain and MicroEnergy. Evoterra optimizes companies’ assets, creating a larger company with diverse assets, transitioning to a focus on renewables. Evoterra was founded in 2019 and is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-18 Fiscal Technologies

Reading, United Kingdom

Fiscal Technologies is a provider of forensic financial solutions and services to protect organizational spend. Fiscal Technologies has processed over 1 billion transactions over 10 years and protected £5 trillion in organization spend. Fiscal incorporates unique forensics technology combined with machine learning and AI to reduce risk, fraud and compliance issues in the Procure-to-Pay function. Fiscal Technologies was founded in 2003 and is based in Reading, United Kingdom.

Buy -