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New Deal


Announced

Completed

Sumitomo Mitsui Banking completed the acquisition of a minority stake in Vitesse Energy.

Financials

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

Sources

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Acquisition

Cross Border

Minority

oil and energy

Integrated Oil and Gas

United States

Public

Completed

Friendly

Single Bidder

Synopsis

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Sumitomo Mitsui Banking, a Japanese multinational banking and financial services institution, completed the acquisition of a minority stake in Vitesse Energy, a company focused on returning capital to stockholders through owning financial interests as a non-operator in oil and gas wells drilled by leading US operators. Financial terms were not disclosed.

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