M&A Deal Summary

Seven Energy Acquires East Horizon Gas Company

On April 2, 2014, Seven Energy acquired utilities company East Horizon Gas Company from Oando for 250M USD

Acquisition Highlights
  • This is Seven Energy’s 1st transaction in the Utilities sector.
  • This is Seven Energy’s largest (disclosed) transaction.
  • This is Seven Energy’s 1st transaction in Nigeria.

M&A Deal Summary
Date 2014-04-02
Target East Horizon Gas Company
Sector Utilities
Buyer(s) Seven Energy
Sellers(s) Oando
Deal Type Divestiture
Deal Value 250M USD

Target

East Horizon Gas Company

Calabar, Nigeria
East Horizon Gas Company Ltd. is a natural gas transmission and distribution pipeline.

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Buyer(S) 1

Buyer

Seven Energy

Lagos, Nigeria
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Seven Energy is an integrated oil and gas development, production and gas distribution company. Seven Energy is based in Lagos, Nigeria.

DEAL STATS #
Overall 1 of 1
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 1
Country (Nigeria) 1 of 1
Year (2014) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Oando

Lagos, Nigeria
Category Company
Founded 1956
Sector Oil/Gas Exploration
DESCRIPTION

Oando is a diversified oil and gas company. Oando was founded in 1956 and is based in Lagos, Nigeria.

DEAL STATS #
Overall 1 of 2
Sector (Utilities) 1 of 1
Type (Divestiture) 1 of 2
Country (Nigeria) 1 of 2
Year (2014) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-12-01 Axxela

Lagos, Nigeria

Axxela was a pioneer developer of Nigeria’s foremost natural gas distribution network and has grown to become the largest private sector gas distributor in Nigeria.

Sell -
Mergr

Product

Company

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