M&A Deal Summary

Vallourec Acquires Serimax SAS

On June 1, 2010, Vallourec acquired energy services and equipment company Serimax SAS from 4D Global Energy Advisors and Lime Rock Partners for 197M USD

Acquisition Highlights
  • This is Vallourec’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Vallourec’s largest (disclosed) transaction.
  • This is Vallourec’s 1st transaction in France.

M&A Deal Summary
Date 2010-06-01
Target Serimax SAS
Sector Energy Services and Equipment
Buyer(s) Vallourec
Sellers(s) 4D Global Energy Advisors
Lime Rock Partners
Deal Type Add-on Acquisition
Deal Value 197M USD

Target

Serimax SAS

Villepinte, France
Serimax is headquartered in the suburbs of Paris, France, and is the leading independent provider of automated welding services to the pipeline industry. It provides reliable and fast welding services and equipment in high cost or complex situations, and its solutions are applied offshore, and/or where complex metallurgy or clad pipelines require highly skilled and consistent welding operations.

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Buyer(S) 1

Buyer

Vallourec

Meudon, France
Category Company
Founded 1895
Sector Energy Services and Equipment
Employees15,000
Revenue 4.9B EUR (2022)
DESCRIPTION

Vallourec through its subsidiaries, provides tubular solutions primarily for the energy markets and other industrial applications in Europe, North America, South America, Asia, and internationally. Vallourec was founded in 1895 and is based in Meudon, France.

DEAL STATS #
Overall 2 of 6
Sector (Energy Services and Equipment) 2 of 4
Type (Add-on Acquisition) 1 of 2
Country (France) 1 of 1
Year (2010) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-13 Tube-Alloy Businesses - Grant Pideco

Houston, Texas, United States

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-04 Anhui Tianda Oil Pipe

Anhui Province, China

Anhui Tianda Oil Pipe Co., Ltd. is a seamless pipe manufacturer. Anhui Tianda Oil Pipe was founded in 1993 and is based in Anhui Province, China.

Buy -

Seller(S) 2

SELLER

4D Global Energy Advisors

Paris, France
Category Private Equity Firm
Founded 2002
PE ASSETS 478M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

4D Global Energy Advisors is a European private equity investor with a focus on providing development capital to the mid-market oil and gas value chain. 4D invests in small to medium-sized companies valued from $25 to $300 million. The Firm generally takes significant minority stakes and is an 'active' investor in helping portfolio companies build value. 4D Global was formed in 2002 and is based in Paris.

DEAL STATS #
Overall 3 of 4
Sector (Energy Services and Equipment) 3 of 3
Type (Add-on Acquisition) 2 of 2
Country (France) 2 of 2
Year (2010) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-18 Socotherm Group

Adria, Italy

Socotherm Group is one of the largest global supplier of Pipe Coating and Insulation Services and is the largest supplier of Pipe Insulation Services for the Deep Water Industry with the most advanced technology. The group is active worldwide with two geographical business areas of operations. The first area has its head office in Italy and includes Europe, Middle East, Africa and Asia Pacific countries. The second area has its head office in Argentina and includes North and South Americas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-19 Independence Contract Drilling

Houston, Texas, United States

Independence Contract Drilling, Inc. is an onshore drilling company specially created to offer state-of-the-art contract drilling services for unconventional basins. Its focus is the US oil-shale market, where it operates a growing fleet of shale-capable rigs designed and built in its Houston. Independence Contract Drilling was founded in 2011 and is based in Houston, Texas.

Buy -
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 16 of 62
Sector (Energy Services and Equipment) 11 of 26
Type (Add-on Acquisition) 8 of 25
Country (France) 1 of 1
Year (2010) 2 of 2
Size (of disclosed) 8 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-05-01 OilSERV

Dubai, United Arab Emirates

OilSERV is a provider of an expanding range of oilfield services from well logging to integrated oilfield services. OilSERV was founded in 2006 and is based in Dubai, United Arab Emirates.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-01 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.

Buy -
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