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New Deal


Announced

Completed

Bowline Energy completed the acquisition of Williston Basin assets of Nine Point Energy for $250m.

Financials

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Transaction Value£185m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Integrated Oil and Gas

Private

United States

Majority

oil and gas assets

Completed

Friendly

Domestic

Acquisition

Synopsis

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Bowline Energy, an oil and gas company, completed the acquisition of Williston Basin assets of Nine Point Energy, an oil and gas company, for $250m. The purchase of the Nine Point assets gives Bowline a strong production base and steady cash flows. Coupling these attributes with Bowline's sound balance sheet, the company expects to commence a development program, funded out of cash flows, and begin evaluating strategic M&A opportunities in the near future.

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