Buyout (LBO, MBO, MBI) • Oil/Gas Exploration

HitecVision Acquires Spike Exploration

On June 11, 2012, private equity firm HitecVision acquired oil/gas exploration company Spike Exploration

Acquisition Context
  • This is HitecVision’s 5th transaction in the Oil/Gas Exploration sector.
  • This is HitecVision’s 25th transaction in Norway.

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M&A Deal Summary

Date June 11, 2012
Target Spike Exploration
Sector Oil/Gas Exploration
Buyer(s) HitecVision
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Spike Exploration

Stavanger, Norway
Spike Exploration is an independent E&P company that will pursue exploration and appraisal opportunities in the North Sea. Spike Exploration was founded in 2012 and is based in Stavanger, Norway.
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Buyer Overview 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 Context for Buyer #
Overall 36 of 64
Sector: Oil/Gas Exploration 5 of 13
Type: Buyout (LBO, MBO, MBI) 25 of 38
Country: Norway 25 of 44
Year: 2012 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-18 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-18 Global Maritime

Stavanger, Norway

Global Maritime is an independent service provider of offshore and maritime engineering, marine warranty, dynamic positioning, marine quality assurance, vessel inspection, mooring and anchors, and offloading, transportation and installation of offshore structures. Global Maritime was founded in 1987 and is based in Stavanger, Norway.

Buy -