M&A Deal Summary |
|
|---|---|
| Date | 2019-10-03 |
| Target | Verus Petroleum |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Neo Next+ |
| Sellers(s) | HitecVision |
| Deal Type | Merger |
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Neo Next+ manages a portfolio of oil and gas assets, and also coordinates decommissioning programmes for mature fields, indicating the firm handles full-cycle upstream operations, including production, maintenance, and decommissioning. NEO Energy was founded in 2019 and is based in Aberdeen, United Kingdom.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 4 |
| Sector: Oil/Gas Exploration M&A | 1 of 4 |
| Type: Merger M&A Deals | 1 of 1 |
| Country: United Kingdom M&A | 1 of 4 |
| Year: 2019 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-02-24 |
Exxon Mobil - U.K. upstream central and northern North Sea assets
United Kingdom Exxon Mobil Corp.'s U.K. upstream central and northern North Sea assets include ownership interests in 14 producing fields operated primarily by Shell, including Penguins, Starling, Fram, the Gannet Cluster, and Shearwater; Elgin Franklin fields operated by Total; and interests in the associated infrastructure. Exxon Mobil Corp.'s U.K. upstream central and northern North Sea assets are based in the United Kingdom. |
Buy | $1.0B |
| Category | Private Equity Firm |
|---|---|
| Founded | 1985 |
| PE ASSETS | 8.0B EUR |
| Size | Mega |
| Type | Sector Agnostic |
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 | 26 of 34 |
| Sector: Oil/Gas Exploration M&A | 5 of 6 |
| Type: Merger M&A Deals | 1 of 1 |
| Country: United Kingdom M&A | 3 of 3 |
| Year: 2019 M&A | 3 of 3 |
| 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 | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-01-01 |
Moreld
Stavanger, Norway Moreld is an industrial group created through the merger of a number of small and medium-sized companies in HitecVision’s portfolio. As the energy sector prepares for a transition towards a low-carbon future, Moreld will seize opportunities to increase its foothold in sectors such as aquaculture, offshore wind, and other relevant renewable energy sectors, whilst continuing to nurture existing oil service operations. Moreld was founded in 2020 and is based in Stavanger, Norway. |
Buy | - |
