M&A Deal Summary

Kerogen Capital Acquires Energean Israel

On February 15, 2017, private equity firm Kerogen Capital acquired oil/gas exploration company Energean Israel from Energean Oil & Gas S.A.

Acquisition Highlights
  • This is Kerogen Capital’s 8th transaction in the Oil/Gas Exploration sector.
  • This is Kerogen Capital’s 1st transaction in Israel.

M&A Deal Summary

Date 2017-02-15
Target Energean Israel
Sector Oil/Gas Exploration
Buyer(s) Kerogen Capital
Sellers(s) Energean Oil & Gas S.A.
Deal Type Divestiture

Target

Energean Israel

Israel
Energean Israel Ltd. is an owns and operates of and holds a 100% interest in each of the Karish and Tanin gas fields.

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Buyer(S) 1

Buyer

Kerogen Capital

Hong Kong, China

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2007
PE ASSETS 2.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Kerogen Capital is a provider of growth and development capital to small and medium-sized oil and gas companies. Kerogen primarily focuses on the upstream oil and gas sector serving demand from Asia. Geographic areas of focus predominantly span South East Asia, Central Asia, and select countries in the Middle East and Africa. Kerogen Capital has offices in Hong Kong and London.


DEAL STATS #
Overall 8 of 14
Sector: Oil/Gas Exploration M&A 8 of 8
Type: Divestiture M&A Deals 1 of 1
Country: Israel M&A 1 of 1
Year: 2017 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-01-31 Pandion Energy

Oslo, Norway

Pandion Energy is a private Norwegian E&P company focuses on exploration, development and production of oil and gas on the Norwegian Continental Shelf. Pandion Energy was founded in 2016 and is based in Oslo, Norway.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-27 BW Ideol

La Ciotat, France

BW Ideol is a provider of floating foundations to the offshore wind industry. BW Ideol was founded in 2010 and is based in La Ciotat, France.

Buy -

Seller(S) 1

SELLER

Energean Oil & Gas S.A.

Marousi, Greece

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Energean Oil & Gas S.A. is a independent E&P company focused on the Eastern Mediterranean region where it already holds seven E&P licences, encompassing Greece, the Adriatic, offshore Israel and onshore North Africa. It is the only oil and gas producer in Greece with a 35-year track record of operating offshore and onshore assets in environmentally sensitive areas and employs more than 460 oil and gas professionals. Energean has reserves of 30 million barrels (2P) audited by ERC Equipoise and 28 million barrels of contingent resources (2C) in the Prinos Licence, offshore NE. Greece, as well as 2.4 Tcf of natural gas (2C) at the Karish and Tanin fields, offshore Israel.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Israel M&A 1 of 1
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-20 Eurotech Service SA

Athens, Greece

Eurotech Service SA is a provider of project management; energy consultancy services; and personnel for plant, supervision, operation, and maintenance. It serves petroleum, gas, chemical, and other sectors in commerce. It also provides documentation and as built drawings service.

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