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  5. Prax Group Acquires Hurricane Energy

M&A Deal Summary

Prax Group Acquires Hurricane Energy

On June 8, 2023, Prax Group acquired oil/gas exploration company Hurricane Energy for 249M GBP

Acquisition Highlights
  • This is Prax Group’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Prax Group’s 0th largest (disclosed) transaction.
  • This is Prax Group’s 1st transaction in the United Kingdom.

M&A Deal Summary
Date 2023-06-08
Target Hurricane Energy
Sector Oil/Gas Exploration
Buyer(s) Prax Group
Deal Type Add-on Acquisition
Deal Value 249M GBP

Target

Hurricane Energy

Godalming, United Kingdom
Hurricane Energy is an oil and gas company with a specialist focus on naturally fractured basement reservoirs. Hurricane Energy was founded in 2005 and is based in Godalming, United Kingdom.

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Buyer(S) 1

Buyer

Prax Group

London, United Kingdom
Category Company
Founded 1999
Sector Oil/Gas Exploration
DESCRIPTION

Prax Group is an independent global energy conglomerate dealing in crude oil, petroleum products and biofuels with a complete integration across the oil value chain, from upstream to downstream. Prax Group was founded in 1999 and is based in London, United Kingdom.

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: United Kingdom M&A 1 of 1
Year: 2023 M&A 1 of 1
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