M&A Deal Summary

Kistos Acquires Mime Petroleum

On May 23, 2023, Kistos acquired oil/gas exploration company Mime Petroleum from Blue Water Energy

Acquisition Highlights
  • This is Kistos’ 2nd transaction in the Oil/Gas Exploration sector.
  • This is Kistos’ 1st transaction in Norway.

M&A Deal Summary
Date 2023-05-23
Target Mime Petroleum
Sector Oil/Gas Exploration
Buyer(s) Kistos
Sellers(s) Blue Water Energy
Deal Type Add-on Acquisition

Target

Mime Petroleum

Oslo, Norway
Mime Petroleum is a new exploration, development, and production company focused on the Norwegian Continental Shelf. Mime Petroleum's vision is to build a major NCS independent E&P company, through building a material portfolio of producing and commercial reserves and driving post-acquisition investment activity. Mime Petroleum is based in Oslo, Norway.

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Buyer(S) 1

Buyer

Kistos

London, United Kingdom
Category Company
Founded 2020
Sector Energy Services and Equipment
DESCRIPTION

Kistos is an independent energy company focused on low-carbon, low-impact development and production opportunities across mature natural gas basins and energy generation project sector. Kistos was founded in 2020 and is based in London, United Kingdom.

DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 2 of 2
Type (Add-on Acquisition) 2 of 2
Country (Norway) 1 of 1
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-01 Tulip Oil

Den Haag, Netherlands

Tulip Oil is an upstream development and production company with a focus on exploiting opportunities in undeveloped and mature oil and gas discoveries in Western Europe. Tulip Oil was founded in 2010 and is based in Den Haag, Netherlands.

Buy -

Seller(S) 1

SELLER

Blue Water Energy

Investor Investor Investor Investor Investor

Category Private Equity Firm
PE ASSETS 861M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Blue Water Energy is a private equity firm focused on building energy companies. Blue Water looks to invest up to $150 million per project with a focus on production, upstream equipment and services, and midstream/downstream equipment and services. Blue Water typically invests in partnership with experienced management teams that have a track record of value creation. Blue Water Energy was formed in 2011 and is based in London.

DEAL STATS #
Overall 6 of 8
Sector (Oil/Gas Exploration) 2 of 2
Type (Add-on Acquisition) 4 of 6
Country (Norway) 1 of 2
Year (2023) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-02-01 GPS

Singapore, Singapore

GPS is a midstream infrastructure platform formed to pursue the acquisition, construction and enhancement of storage and logistics assets outside North America. GPS owns a refined product terminal in the Port of Amsterdam and has two projects under construction – an industrial services terminal in Al Hamriyah Port in Sharjah, United Arab Emirates and an LPG terminal in Port Klang, Malaysia. GPS is based in Singapore.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-07 Techouse

Sandnes, Norway

Techouse is an offshore oil & gas industry. Techouse design, engineer and manufacture complete customized process packages, insuring optimized design in terms of weight, footprint and energy savings with a priority focus on HSE. Techouse was founded in 2002 and is based in Sandnes, Norway.

Sell -
Mergr

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