M&A Deal Summary

Shell Acquires East Resources

On May 28, 2010, Shell acquired oil/gas exploration company East Resources from KKR for 4.7B USD

Acquisition Highlights
  • This is Shell’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Shell’s 2nd largest (disclosed) transaction.
  • This is Shell’s 1st transaction in the United States.
  • This is Shell’s 1st transaction in West Virginia.

M&A Deal Summary

Date 2010-05-28
Target East Resources
Sector Oil/Gas Exploration
Buyer(s) Shell
Sellers(s) KKR
Deal Type Add-on Acquisition
Deal Value 4.7B USD
Advisor(s) Jefferies (Financial)

Target

East Resources

Parkersburg, West Virginia, United States
East Resources is a Oil and natural gas exploration and development company.

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Buyer(S) 1

Buyer

Shell

London, United Kingdom

Category Company
Founded 1907
Sector Oil/Gas Exploration
Employees103,000
Revenue 316.6B USD (2023)
DESCRIPTION

Shell is an Anglo–Dutch multinational oil and gas company. Shell was founded in 1907 and is based in London, the United Kingdom.


DEAL STATS #
Overall 1 of 11
Sector (Oil/Gas Exploration) 1 of 4
Type (Add-on Acquisition) 1 of 9
State (West Virginia) 1 of 1
Country (United States) 1 of 4
Year (2010) 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-04 Shell Autoserv

Bangkok,, Thailand

Shell Autoserv (Thailand) Co., Ltd.which is an independent network and provides car maintenance service including tire and lubricant sales.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-02-01 Shell Metalworking and Metal Rolling Oils

The Hague, Netherlands

Shell Metalworking and Metal Rolling Oils is a global specialty fluids manufacturer. Shell ownership of three manufacturing plants located in Dortmund, Germany, Turin, Italy and Rouen, France will transfer.

Sell -

Seller(S) 1

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 510.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 31 of 204
Sector (Oil/Gas Exploration) 1 of 2
Type (Add-on Acquisition) 8 of 66
State (West Virginia) 1 of 1
Country (United States) 20 of 89
Year (2010) 1 of 2
Size (of disclosed) 11 of 38
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-07 Dalmia Cement

New Delhi, India

Dalmia Cement offers a range of cement variants through its brand portfolio of three marquee brands: Dalmia Cement, Dalmia DSP, and Konark Cement. These brands are available as Portland Pozzolana Cement, Portland Slag Cement, Composite Cement, and Ordinary Portland Cement in select markets. Dalmia Cement is headquartered in New Delhi, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-18 Intelligence

Tokyo, Japan

Intelligence is a comprehensive HR services company, providing services including online and classified job advertisement services, permanent placement services, temporary staffing services, IT and business process outsourcing services, public solutions services, and IT system development services in Japan, as well as permanent placement services in China and South East Asia. Intelligence was formed in 1989 and is based in Tokyo, Japan.

Buy ¥32.5B