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New Deal


Announced

Tailwind Energy to acquire a 27.5% stake in Shearwater field from BP.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For28%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Domestic

gas fields

Single Bidder

Minority

United Kingdom

Pending

Integrated Oil and Gas

Acquisition

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Synopsis

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Tailwind Energy, an oil and gas company, agreed to acquire a 27.5% stake in Shearwater field, a gas field, from BP, a British multinational oil and gas company. Financial terms were not disclosed. Tailwind explained that the transaction, which is subject to partner and regulatory approvals, furthers its growth strategy by adding another high-quality producing asset to the portfolio.

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