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
Winking Studios Limited completes a secondary fundraising of US$20 million
Winking Studios has successfully raised US$20 million to fund its business strategy and future plans, such as strategic acquisitions, alliances and joint ventures as well as secondary or dual listings, to grow the group’s market share and broaden its customer base globally.
Learn moreFRP Advisory Group plc has finalized a successful secondary placing
FRP Advisory Group plc has completed a fundraising. The book was oversubscribed and approximately £20.4 million (US$33 million) of shares were sold by certain directors and partners of FRP to new and existing institutional investors at 128 pence per ordinary share.
Learn moreSindal Biogas A/S has been acquired by CIP
Sindal Biogas A/S, a large-scale Danish biogas plant owned by KK Invest ApS and DBC Invest, has been partly sold to Copenhagen Infrastructure Partners P/S (CIP).
Learn more