Investment Summary

Warburg Pincus Invests In Explora Petroleum AS

On October 6, 2011, private equity firm Warburg Pincus invested in oil/gas exploration company Explora Petroleum AS

Investment Highlights
  • This is Warburg Pincus’ 15th transaction in the Oil/Gas Exploration sector.
  • This is Warburg Pincus’ 2nd transaction in Norway.
Investment Fate
  • Explora Petroleum AS was sold to a publicly-traded strategic buyer in 2015.

Investment Summary

Date 2011-10-06
Target Explora Petroleum AS
Sector Oil/Gas Exploration
Investor(s) Warburg Pincus
Deal Type Growth Capital

Target

Explora Petroleum AS

Stavanger, Norway
Explora Petroleum AS is a Stavanger, Norway-based exploration and production company focused on the Norwegian Continental Shelf. The company plans to take non-operated minority positions in offshore licenses and conduct both exploration and appraisal drilling for both oil and gas.

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Investor(S) 1

Investor

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 200 of 493
Sector: Oil/Gas Exploration M&A 15 of 40
Type: Growth Capital M&A Deals 42 of 159
Country: Norway M&A 2 of 2
Year: 2011 M&A 17 of 21
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-20 International Asset Systems

Oakland, California, United States

International Asset Systems is a provider of cloud-based solutions for global logistics and transportation management. IAS serves providers of global transportation, focusing on first- and last-mile landside movement for logistics service providers, motor carriers, ocean carriers, railroads and equipment lessors.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-21 Santander Consumer USA

Dallas, Texas, United States

Santander Consumer USA is a provider of financial services for vehicle and consumer lending products. Santander Consumer USA was founded in 1995 and is based in Dallas, Texas.

Buy -