M&A Deal Summary

Kistos Acquires Tulip Oil

On March 1, 2021, Kistos acquired oil/gas exploration company Tulip Oil from Global Natural Resource Investments

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

M&A Deal Summary

Date 2021-03-01
Target Tulip Oil
Sector Oil/Gas Exploration
Buyer(s) Kistos
Sellers(s) Global Natural Resource Investments
Deal Type Add-on Acquisition

Target

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.

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Buyer(S) 1

Buyer

Kistos

London, United Kingdom

Category Company
Founded 2020
Sector Energy Services and Equipment
Employees52
Revenue 222M EUR (2024)
DESCRIPTION

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


DEAL STATS #
Overall 1 of 2
Sector: Oil/Gas Exploration M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
Country: Netherlands M&A 1 of 1
Year: 2021 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-23 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.

Buy -

Seller(S) 1

SELLER

Global Natural Resource Investments

London, United Kingdom

Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Global Natural Resource Investments was formed by a management buyout of the former Barclays Natural Resource Investments private equity business from Barclays Bank PLC in October 2015. GNRI is focussed on the global natural resources sector, specifically on upstream oil and gas (excluding the US), mining, associated services and power. The Group has additional offices in Dubai, and Doha.


DEAL STATS #
Overall 9 of 11
Sector: Oil/Gas Exploration M&A 6 of 6
Type: Add-on Acquisition M&A Deals 6 of 7
Country: Netherlands M&A 1 of 1
Year: 2021 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-06-01 Souther Peaks Mining

Lima, Peru

Southern Peaks Mining is a copper producer focused on cost control and capital discipline to optimize operations. Souther Peaks Mining was founded in 2010 and is based in Lima, Peru.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-09 Mainstream Renewable Power

Dublin, Ireland

Mainstream Renewable Power is a wind development business. Mainstream has partnered with Siemens Power Ventures on the 4GW Hornsea wind farm development offshore UK. Mainstream Renewable Power was founded in 2008 and is based in Dublin, Ireland.

Sell -