Announced
Completed
Financials
Tags
oil and gas production
Integrated Oil and Gas
Domestic
Friendly
oil and gas exploration
Completed
Majority
Restructuring
Mbo
Acquisition
Single Bidder
United States
Private
Private Equity
Synopsis
San Juan Offshore, an offshore firms created by the Arena Energy management team and Lime Rock Partners, completed the acquisition of Arena Energy, an oil and gas exploration and production, for £49m ($65m). "This has been the most challenging year in our careers, given the impacts of COVID-19 on Arena Energy and the global oil and gas industry. We are thankful to have faced this challenge, with our employees and and our partners at Lime Rock, and have a business that now has the capital structure necessary to execute our development program going forward,” Mike Minarovic, San Juan Offshore Founder and Arena Energy Chief Executive Officer.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.