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M&A Deal Summary

Hague and London Oil Acquires Third Energy

On September 19, 2018, Hague and London Oil acquired oil/gas exploration company Third Energy from Global Natural Resource Investments

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

M&A Deal Summary
Date 2018-09-19
Target Third Energy
Sector Oil/Gas Exploration
Buyer(s) Hague and London Oil
Sellers(s) Global Natural Resource Investments
Deal Type Add-on Acquisition

Target

Third Energy

North Yorkshire, United Kingdom
Third Energy is a renewable energy company based in North Yorkshire. Having started out generating energy through onshore gas extraction, to transitioned away from fossil fuels. Third Energy aim is to diversify companies existing power generation assets and develop new sources of energy consistent with the UK Government’s Net Zero 2050 targets. Third Energy was founded in 1966 and is based in North Yorkshire, United Kingdom.

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Buyer(S) 1

Buyer

Hague and London Oil

Aberdeen, United Kingdom
Category Company
Founded 2012
Sector Oil/Gas Exploration
DESCRIPTION

Hague and London Oil is an Oil & gas company with a diverse portfolio of production, development, appraisal and exploration assets primarily focused in the Southern North Sea. Hague and London Oil was founded in 2012 and is based in Aberdeen, 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: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Global Natural Resource Investments

London, United Kingdom

Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Global Natural Resource Investments was formed by a management buyout of the former Barclays Natural Resource Investments private equity business from Barclays Bank PLC in October 2015. GNRI is focussed on the global natural resources sector, specifically on upstream oil and gas (excluding the US), mining, associated services and power. The Group has additional offices in Dubai, and Doha.

DEAL STATS #
Overall 7 of 11
Sector: Oil/Gas Exploration M&A 5 of 6
Type: Add-on Acquisition M&A Deals 5 of 7
Country: United Kingdom M&A 3 of 3
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-11 UK Power Reserve

London, United Kingdom

UK Power Reserve Ltd. is an independent operator, generating reserve power in times of critical need via its 185MW portfolio. UK Power Reserve Ltd. highly flexible distributed energy generating assets are spread across 32 locations in England and Wales and comprise 533 MW in operation with a further 480 MW in construction and development expected to come online by 2019.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-01 Souther Peaks Mining

Lima, Peru

Southern Peaks Mining is a copper producer focused on cost control and capital discipline to optimize operations. Souther Peaks Mining was founded in 2010 and is based in Lima, Peru.

Sell -
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