M&A Deal Summary

Sequa Petroleum Acquires Tellus Petroleum

On September 24, 2015, Sequa Petroleum acquired oil/gas exploration company Tellus Petroleum from GNRI Manco for 10M NOK

Acquisition Highlights
  • This is Sequa Petroleum’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Sequa Petroleum’s largest (disclosed) transaction.
  • This is Sequa Petroleum’s 1st transaction in the United States.
  • This is Sequa Petroleum’s 1st transaction in Mississippi.

M&A Deal Summary
Date 2015-09-24
Target Tellus Petroleum
Sector Oil/Gas Exploration
Buyer(s) Sequa Petroleum
Sellers(s) GNRI Manco
Deal Type Add-on Acquisition
Deal Value 10M NOK

Target

Tellus Petroleum

Ridgeland, Mississippi, United States
Tellus Petroleum is an independent oil & gas company established by experienced and reputable upstream professionals. The aim is to acquire a portfolio of interests in small and medium sized producing fields and discoveries on the Norwegian Continental Shelf. Tellus Petroleum was founded in 2012 and is based in Ridgeland, Mississippi.

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Buyer(S) 1

Buyer

Sequa Petroleum

London, United Kingdom
Category Company
Founded 2013
Sector Oil/Gas Exploration
DESCRIPTION

Sequa Petroleum is an oil and gas company, with the aim to create value in a cyclical industry through asset acquisition, optimisation and monetisation, applying both technical and financial excellence. Sequa Petroleum was founded in 2013 and is based in London, United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Mississippi) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

GNRI Manco

London, United Kingdom

Investor Investor

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

GNRI Manco Ltd. (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 4 of 9
Sector (Oil/Gas Exploration) 3 of 6
Type (Add-on Acquisition) 3 of 6
State (Mississippi) 1 of 1
Country (United States) 3 of 3
Year (2015) 1 of 3
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-28 American Wind Capital

Old Saybrook, Connecticut, United States

American Wind Capital ("AWCC"), led by Charles C. Hinckley is a leading company in the wind energy royalty acquisition business. AWCC was formed for the purpose of purchasing long-term royalty payments from property owners who receive royalty income from wind power projects in the United States.

Sell $107M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 Hydra Energy

St. Leonards, Australia

Hydra Energy is a specialists in small field oil and gas developments targeting the production of hydrocarbons across South East Asia. Hydra Energy was founded in 2010 and is based in St. Leonards, Australia.

Sell -
Mergr

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