M&A Deal Summary

North Energy Acquires Explora Petroleum AS

On December 21, 2015, North Energy acquired oil/gas exploration company Explora Petroleum AS from Warburg Pincus

Acquisition Highlights
  • This is North Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is North Energy’s 1st transaction in Norway.

M&A Deal Summary

Date 2015-12-21
Target Explora Petroleum AS
Sector Oil/Gas Exploration
Buyer(s) North Energy
Sellers(s) Warburg Pincus
Deal Type Add-on Acquisition

Target

Explora Petroleum AS

Stavanger, Norway
Explora Petroleum AS is a Stavanger, Norway-based exploration and production company focused on the Norwegian Continental Shelf. The company plans to take non-operated minority positions in offshore licenses and conduct both exploration and appraisal drilling for both oil and gas.

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Buyer(S) 1

Buyer

North Energy

Oslo, Norway

Category Company
Founded 2007
Sector Oil/Gas Exploration
Employees3
Revenue 5M NOK (2024)
DESCRIPTION

North Energy is an oil exploration and production company with energy interests on the Norwegian continental shelf including licenses in the Barents Sea, Norwegian Sea and the North Sea. North Energy was founded in 2007 and is based in Oslo, Norway.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Norway M&A 1 of 1
Year: 2015 M&A 1 of 1

Seller(S) 1

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 127 of 263
Sector: Oil/Gas Exploration M&A 11 of 25
Type: Add-on Acquisition M&A Deals 50 of 95
Country: Norway M&A 2 of 2
Year: 2015 M&A 20 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-02 Rubicon Oilfield International

Houston, Texas, United States

Rubicon Oilfield International is an oilfield products and technical services company with operational headquarters in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-22 RS Energy Group

Calgary, Alberta, Canada

RS Energy Group (RSEG) is a SaaS firm delivering technology, augmented analytics and technology solutions that empowers operators, investors, midstream and service companies to make more agile, trusted decisions. Clients engage with RSEG’s high-quality data and analytics in a single-solution platform to quickly benchmark the competitive landscape, uncover M&A opportunities globally, optimize operations and more confidently allocate capital.

Buy -