M&A Deal Summary

Syntaxis Capital Acquires Expert Petroleum

On June 9, 2014, mezzanine finance firm Syntaxis Capital acquired oil/gas exploration company Expert Petroleum from Lime Rock Partners

Acquisition Highlights
  • This is Syntaxis Capital’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Syntaxis Capital’s 2nd transaction in Romania.

M&A Deal Summary

Date 2014-06-09
Target Expert Petroleum
Sector Oil/Gas Exploration
Buyer(s) Syntaxis Capital
Sellers(s) Lime Rock Partners
Deal Type Secondary Buyout

Target

Expert Petroleum

Bucharest, Romania
Expert Petroleum is an upstream oil and gas company that redevelops and rehabilitates mature oil and gas fields through direct license ownership or in partnership with companies in need of personnel, expertise, or capital. Expert Petroleum is based in Bucharest, Romania.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Syntaxis Capital

Vienna, Austria

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2006
PE ASSETS 250M EUR
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Syntaxis Capital is a private debt investor dedicated to providing long term capital to fast-growing medium-sized companies in Central Europe. It looks to invests in companies with an enterprise value of €50 - €300 million. Types of transactions include buyouts, growth capital, and consolidations. Syntaxis Capital was formed in 2006 and is based in Vienna, Austria with additional office in Warsaw, Guernsey.


DEAL STATS #
Overall 12 of 17
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 3
Country: Romania M&A 2 of 2
Year: 2014 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-11 GTS Central Europe

Warszawa, Poland

GTS Central Europe is a provider of integrated telecommunications services in Central and Eastern Europe. The company has extensive network and data center infrastructure, as well as a strong portfolio of services focused on business customers.

Sell €546M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-07-01 Polflam

Jeziorzany, Poland

Polflam is a provider of fire-resistant glass manufacturer. Its product offering includes numerous fire-resistance classes which have many applications in interiors and facades of commercial and office buildings, hospitals, schools and residential buildings. Polflam was founded in 1992 and is based in Jeziorzany, Poland.

Buy -

Seller(S) 1

SELLER

Lime Rock Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 10.4B USD
Size Mega
Type Sector Focused
DESCRIPTION

Lime Rock Partners is a private investment firm focused on growth capital investments in the energy industry. Specifically, Lime Rock looks for companies engaged in exploration & production, energy service, and oil service technology in North America and Europe. Lime Rock's target investment size is $50 to $150 million in businesses valued up to $500 million. Lime Rock Partners was formed in 1998 and is affiliated with Lime Rock Resources. Lime Rock Partners has offices in Westport, Connecticut; Aberdeen, Scotland; and Houston, Texas.


DEAL STATS #
Overall 27 of 62
Sector: Oil/Gas Exploration M&A 7 of 23
Type: Secondary Buyout M&A Deals 5 of 9
Country: Romania M&A 1 of 1
Year: 2014 M&A 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-01 Cor4 Oil

Calgary, Alberta, Canada

Cor4 Oil is an E&P company developing conventional oil assets. The company is focused on maximizing the value of its assets through technical and operational improvements. Cor4 Oil is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-25 EV

Norwich, United Kingdom

EV specializes in well diagnosis to provide timely insight to well operators, helping them to understand and resolve their most complex wellbore issues. The company generates vivid, visual diagnostic information and presents it simply to deliver highly intuitive answers and instant understanding directly to the well site. EV's global team of specialists allows customers to plan their next move with precision, helping to reduce risk and increase operational performance. Its first gained acclaim for engineering ruggedized cameras for televising extreme sports. In 2004 EV applied this expertise and know-how to develop a system aimed at identifying problems in oil and gas well completions in the North Sea. Epidote was formed in 2001 and is based in Norwich, United Kingdom.

Sell £69M