M&A Deal Summary

Parkmead Group Acquires DEO Petroleum

On August 9, 2012, Parkmead Group acquired oil/gas exploration company DEO Petroleum for 13M USD

Acquisition Highlights
  • This is Parkmead Group’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Parkmead Group’s largest (disclosed) transaction.
  • This is Parkmead Group’s 2nd transaction in the United Kingdom.

M&A Deal Summary

Date 2012-08-09
Target DEO Petroleum
Sector Oil/Gas Exploration
Buyer(s) Parkmead Group
Deal Type Add-on Acquisition
Deal Value 13M USD
Advisor(s) FirstEnergy Capital Corp. (Financial)

Target

DEO Petroleum

Aberdeen, United Kingdom
DEO Petroleum PLC is a provider of oil/gas exploration services in UK.

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Buyer(S) 1

Buyer

Parkmead Group

Aberdeen, United Kingdom

Category Company
Founded 2000
Sector Oil/Gas Exploration
Employees12
Revenue 15M GBP (2023)
DESCRIPTION

Parkmead Group is an independent oil & gas company focused on the UK & Netherlands. Parkmead Group was founded in 2000 and is based in Aberdeen, United Kingdom.


DEAL STATS #
Overall 2 of 3
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 2 of 3
Country (United Kingdom) 2 of 3
Year (2012) 1 of 1
Size (of disclosed) 1 of 3
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DATE TARGET DEAL TYPE VALUE
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DATE TARGET DEAL TYPE VALUE
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