Finance & Investing
News Services
Newsletters
Get free industry updates via email.
Daily News
Weekly News
Equipment Updates
Weekly Job Register
Monthly Event Guide
Our privacy
pledge.


advertisement

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

change text size

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.
 

 



Have a news tip? Share it with Rigzone!
Email news@rigzone.com

WHAT DO YOU THINK?

Post a Comment Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.


More from this Author
Rigzone Staff
e-mail us at news@rigzone.com
 -  Sound Oil Begins Drilling Second Nerve... (Apr 24)
 -  KrisEnergy Starts Drilling Rayrai-1 in... (Apr 24)
 -  Cosco Dalian Bags MODEC's $95M FPSO Co... (Apr 23)
 -  TGS's Revenues Fall Due to Decline in ... (Apr 23)
 -  Lundin Says 1Q Profitability Affected ... (Apr 22)
Most Popular Articles
From the Career Center
Jobs that may interest you
Senior Project Controls Manager
Expertise: Operations Management|Project Management|Risk Management
Location: Houston, TX
 
Integration Project Manager
Expertise: Business Development|IT - Programming & Database
Location: Houston, TX
 
HR Domain Business Process Analyst
Expertise: Human Resources|Process Management
Location: Houston, TX
 
search for more jobs