M&A Deal Summary

Hancock Prospecting Pty Acquires Warrego Energy

On March 14, 2023, Hancock Prospecting Pty acquired energy services and equipment company Warrego Energy for 440M AUD

Acquisition Highlights
  • This is Hancock Prospecting Pty’s 1st transaction in the Energy Services and Equipment sector.
  • This is Hancock Prospecting Pty’s 2nd largest (disclosed) transaction.
  • This is Hancock Prospecting Pty’s 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2023-03-14
Target Warrego Energy
Sector Energy Services and Equipment
Buyer(s) Hancock Prospecting Pty
Deal Type Add-on Acquisition
Deal Value 440M AUD

Target

Warrego Energy

Aberdeen, United Kingdom
Warrego Energy is an Australian based petroleum exploration, development and production company with projects in Uruguay, Spain and Canada. Warrego Energy was founded in 2007 and is based in Aberdeen, United Kingdom.

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Buyer(S) 1

Buyer

Hancock Prospecting Pty

West Perth,, Australia

Category Company
Founded 1955
Sector Metals/Mining
DESCRIPTION

Hancock Prospecting Pty Ltd (HPPL) is an Australian company that has a long and important association with the Pilbara and the iron ore sector. The group HPPL has significant plans for further development in both the Pilbara region of Western Australia and other areas in Australia.


DEAL STATS #
Overall 3 of 3
Sector: Energy Services and Equipment M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 3
Country: United Kingdom M&A 1 of 1
Year: 2023 M&A 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-18 Atlas

Perth, Australia

Atlas is an Australian mining company and an iron ore explorer, developer, and producer, predominantly active in the Pilbara region. Atlas is based in Perth, Australia.

Buy AU$472M