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New Deal


Announced

Completed

Mind Cure Health-backed LNG Energy completed the acquisition of Lewis Energy Colombia for $100m.

Financials

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Transaction ValueΒ£78m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Colombia

oil and gas exploration

Integrated Oil and Gas

Acquisition

Cross Border

Majority

Private

Reverse Takeover

Completed

Single Bidder

Friendly

Synopsis

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Mind Cure Health-backed LNG Energy, a production, exploration and development company focused on natural gas, completed the acquisition of Lewis Energy Colombia, an oil and gas exploration company, for $100m. "It is an honor and a privilege for LNG Energy to embark on this remarkable journey, carrying on the business that Mr. Rod Lewis has pioneered in Colombia. Rod has assembled a stable of quality assets and a top-tier-talent team that is competitive, experienced and unparalleled in the Colombian natural gas sector. This transaction marks a pivotal moment for LNG Energy to partner with a visionary such as Mr. Lewis, to drive innovation, sustainability, and accretive success going forward, as we harness the potential of this significant venture. We would like to thank Mr. Rod Lewis and Lewis Energy for entrusting us with these assets and partnering with us to develop them for the benefit of all shareholders," Pablo Navarro, LNG Energy Chairman and CEO.

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