M&A Deal Summary

HitecVision Acquires NEO Energy

On July 1, 2019, private equity firm HitecVision acquired oil/gas exploration company NEO Energy

Acquisition Highlights
  • This is HitecVision’s 13th transaction in the Oil/Gas Exploration sector.
  • This is HitecVision’s 6th transaction in the United Kingdom.

M&A Deal Summary

Date 2019-07-01
Target NEO Energy
Sector Oil/Gas Exploration
Buyer(s) HitecVision
Deal Type Buyout (LBO, MBO, MBI)

Target

NEO Energy

Aberdeen, United Kingdom
NEO Energy is an independent full-cycle energy business. NEO Energy was founded in 2019 and is based in Aberdeen, United Kingdom.

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Buyer(S) 1

Buyer

HitecVision

Stavanger, Norway

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1985
PE ASSETS 8.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

HitecVision is a private equity firm specializing in buyouts and growth capital investments in the oil and gas industry. The Firm targets investments in middle-market companies throughout North America (primarily US) and Northern Europe (primarily Norway and the UK). HitecVision seeks companies with growth potential and unique technologies. The Firm looks to invest €150 to €500 million in companies. Specific areas of interest include drilling/down-hole, exploration/production, field development, mid- and downstream, and subsurface. HitecVision was formed in 1985 and is based in Stavanger. The Firm has additional offices in Oslo and Texas.


DEAL STATS #
Overall 56 of 64
Sector: Oil/Gas Exploration M&A 13 of 13
Type: Buyout (LBO, MBO, MBI) M&A Deals 37 of 38
Country: United Kingdom M&A 6 of 6
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-23 CapeOmega

Bergen, Norway

CapeOmega is an offshore infrastructure platform. The company provides the essential infrastructure for the transportation of natural gas produced on the norwegian continental shelf and holds significant stakes in some of norway's key midstream infrastructure assets. CapeOmega was founded in 2014 and is based in Bergen, Norway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-15 Energy Drilling

Singapore, Singapore

Energy Drilling is a tender drilling company offering cost-effective solutions to the offshore drilling market. Energy Drilling was founded in 2012 and is based in Singapore.

Sell -