Savannah Energy has completed a private placing
Savannah Energy Plc has completed a US$65 million equity placing to support its subsequent acquisitions of both ExxonMobil and Petronas’ oil businesses in Chad and Cameroon for up to US$700 million. Both acquisitions individually constitute reverse takeover transactions. These transactions more than double Savannah’s upstream scale in Africa and will transform the firm into a significant West and Central African regional oil, gas and midstream player.
Savannah Energy is a leading African‑focused British independent energy company. It is incorporated in England and Wales and listed on the AIM market of the London Stock Exchange. The firm’s current operations are in Nigeria and Niger, where it is sustainably developing high‑quality and high‑growth projects.
Oaklins Cavendish’s sister firm finnCap, based in the UK, acted as joint broker to the transaction.
Talk to the deal team
Related deals
Omer Engineering has completed an IPO
Omer Engineering Ltd. has successfully launched its IPO on the Tel Aviv Stock Exchange, pricing shares as part of a plan to raise approximately US$94 million at an implied pre-money valuation of around US$313 million. The offering included both newly issued shares and a secondary sale by existing shareholders, who retained a significant majority stake post-IPO. This transaction underscores strong investor interest in scaling the company’s operations and enhancing its capital.
Learn moreSmart Capital has finalized a rights issue
Smart Capital S.p.A. has finalized a rights issue to continue executing its growth plan and increase its investment capacity. The fundraising supports the expansion of its investment portfolio and the strengthening of its positions in higher-quality investee companies with stronger growth prospects.
Learn moreAusumgaard Biogen has received investment from Eurowind Energy
Ausumgaard Biogen has received investment from Eurowind Energy, supporting the further development of its renewable energy platform and circular business model. The investment represents a key milestone in Eurowind Energy’s biogas strategy.
Learn more