Simmons & Co Completed $2.3B of O&G Deals in 2012

Corporate finance adviser Simmons & Co announced Wednesday that it completed 14 oil and gas deals in 2012 that together amounted to a value of $2.3 billion – more than double the total value of deals completed by the firm in 2011.

Simmons' Aberdeen office stated that it led these deals, which represented a significant share of the 48 mergers and acquisition transactions completed by Simmons & Co worldwide operations.

In the subsea sector, the sale of Acteon to KKR and the divestment of GustoMSC by SBM to Parcom Capital were prominent deals, said Simmons.

Significant transactions in technology included the sales of Zenith, Red Spider Technology, Petrowell and Nessco to Lufkin, Halliburton, Weatherford and Rignet respectively.

On the buy side, Simmons represented Tetra Technologies in its acquisition of Aberdeen-based rig-cooling specialist Optima and assisted Phoenix Equity Partners in their acquisition of Gall Thomson Environmental in the flow control sector.

"The industry is undergoing an incredible amount of change and growth and we need to keep on top of that and respond appropriately if we are to continue to be entrusted with mandates like these and deliver results that are at the top end of our clients' expectations," Simmons CEO Colin Welsh said in a company statement.
 

 



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