Diversified Gas & Oil Plc has raised funds to acquire two oil and gas producing businesses
January 2018 — Diversified Gas & Oil Plc (DGO) has raised US$189 million through an equity share placing to fund the acquisition of two oil and gas producing businesses located in the north east of the US: Alliance Petroleum Corporation for US$95 million (including repayment of US$25 million of debt) and the proposed acquisition of a group of gas and oil producing assets from a NYSE listed energy group for a cash consideration of US$85 million.
DGO is an independent gas and oil producer in the Appalachian Basin in the US.
Our role in the transaction
Oaklins Smith & Williamson, based in the UK, acted as Nominated Advisor (Nomad) to DGO on the acquisitions and the share placing.
Talk to the deal team
Related deals
Nexxtlab has successfully raised funding to support its growth
Nexxtlab, a Luxembourg-based energy technology company, has raised growth capital from an experienced international energy player. The investment marks an important milestone in Nexxtlab’s development and will support the company’s commercial expansion across Europe, continued product innovation and the further scaling of its energy management platform.
Learn moreLemvig Biogasanlæg has been acquired by BioticNRG
BioticNRG has acquired Lemvig Biogasanlæg A.M.B.A. in a transaction that expands its presence in the biogas sector and establishes a strategic platform for further growth in the Danish renewable energy market. The acquisition supports the continued development of Lemvig Biogasanlæg while strengthening the production of green gas in Denmark.
Learn moreOEP Danzig BidCo has completed a mandatory tender offer for the shares of Digital Value
OEP Danzig BidCo S.p.A. has completed a mandatory tender offer for the shares of Digital Value S.p.A.
Learn more