Diversified Gas & Oil Plc has raised US$35m equity and US$110m loan facility to fund an acquisition
Diversified Gas & Oil Plc (DGO) has raised US$35 million equity and a US$110 million loan facility to fund the acquisition of certain oil and gas assets of Titan Energy, LLC. for US$84 million.
Diversified Gas & Oil owns and operates more than 18,000 producing wells in the Appalachian Basin in the northeastern region of the US. Founded in 2001, Diversified's gross production is approximately 18,300 boepd (11,000 boepd net), making it one of the largest producers on AIM. The company's innovative and disciplined investment strategy is focused on the acquisition of mature, low-decline and low-risk wells, enhancement of operations with a focus on efficiency, and maximization of profitability for shareholders.
Oaklins Smith & Williamson, based in the UK, acted as the Nominated Advisor (Nomad), Financial Advisor and Joint Broker in this transaction, and will remain as Nomad in DGO's continued listing on AIM.
Talk to the deal team
Related deals
Smile Invest has secured debt financing for the acquisition of RB+ Groep
Smile Invest has successfully acquired a majority stake in RB+ Groep, a specialist in comprehensive fire prevention solutions operating under the brands Van der Aa, Firejob and Preficon Europe, with a strong focus on constructional fire prevention. This transaction supports RB+’s growth ambitions and enables the company to expand into adjacent and international markets.
Learn moreWATT Infra has been acquired by OxGreenfield
WATT Infra, an independent connection provider headquartered in the Netherlands, has been acquired by OxGreenfield, a Netherlands-based private equity firm. By joining forces, WATT Infra will accelerate its growth in the energy transition market.
Learn moreVamat has been acquired by Esprinet Group
Vamat, a Netherlands-based company specializing in smart and renewable energy solutions, has been acquired by Esprinet Group. The acquisition marks a strategic expansion for Esprinet into the Benelux and Irish markets, further reinforcing its position in the renewable energy sector and supporting its broader commitment to digital transformation and the green transition.
Learn more