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New Deal


Announced

Gabon Oil Company to acquire Assala Energy from The Carlyle Group for $1.3bn.

Financials

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Transaction Value£1,057m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Acquisition

Majority

Infrastructure

Private

Pending

Friendly

Domestic

Private Equity

Single Bidder

Integrated Oil and Gas

oil exploration

Gabon

Synopsis

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Gabon Oil Company, the national oil and gas company of the African nation of Gabon, agreed to acquire Assala Energy, an energy company acquiring mature oil and gas assets in Africa, from The Carlyle Group, a private equity firm, for $1.3bn. Assala Energy holds seven onshore production licenses in Gabon – of which it operates six – along with a pipeline network and the Gamba export terminal. Representing the country’s second-largest producer, the company has concentrated on brownfield assets in Gabon and implemented high-quality maintenance, risk management, workovers and well interventions to maximize production from mature fields.

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