We advise companies on acquisitions and business sales.

Kapok Capital has significant experience advising and executing international M&A transactions, particularly in emerging markets.

Acquisition services include:

target company valuation, using discounted cash flow analysis, peer company analysis and comparable transaction review
commercial due diligence
advice on markup and negotiation of sale and purchase agreements
advice on consideration structure, including deferred and contingent consideration elements
preparation of bid packages, including bid strategy for competitive situations

Disposal services include:

preparation of indicative company valuation
advice on appropriate purchaser universe for marketing process
vendor commercial due diligence on disposal business to identify transaction hurdles and propose appropriate transaction structuring
preparation of information memorandum
assistance with assembly of data room for potential purchasers
advice on preparation of sale and purchase agreement and consideration structure

 

EXPERIENCE

Our Energy M&A experience (with Kapok Capital or previous firms):

Acquisition of 50% interest in Okoro field offshore Nigeria by Amni International from Afren’s bondholders in security enforcement sale

Successful bid by Amni International to purchase 40% interest of Chevron Nigeria in OML 52 licence offshore Nigeria

Disposal by Marathon of a 20% interest in Block 32 offshore Angola to Sonangol

Disposal by six partners in the Breagh gas field offshore UK to RWE Dea

Disposal by Sahara Energy of a 45% interest in OPL 284 Nigeria to BG Group

Disposal by Oil Search of its upstream interests in Egypt and Yemen to Kuwait Energy

Disposal by Talisman Energy of 30% interest in Siri field offshore Norway to Noreco

Disposal of Sahara’s Energy’s deepwater block OML 284 offshore Nigeria to BG Group

Acquisition by Kausar Oil & Gas of upstream assets in Khanty-Mansisk region, Russia

Acquisition by EnCore Oil PLC of UK Exploration Companies (AIM share swap)

USD 2.7 billion Acquisition by China National Offshore Oil Corporation (CNOOC) of 45% interest in the giant Akpo field (OML 130) offshore Nigeria

Reverse Takeover and Share Placing on AIM by EnCore Oil PLC

Successful bid by E.ON Rurhgas AG to purchase Caledonia Oil & Gas

 Acquisition by Sherritt Power Corporation of an interest in Energas S.A. (Cuba)

 

Our Infrastructure M&A experience (with Kapok Capital or previous firms):

Disposal of Trans-Pennine Express Rail Franchise by Arriva Trains Northern

Securitisation of HS1 Track Access Charges by London & Continental Railways

Sale of CTRL Operations Business to Network Rail by London & Continental Railways

London & Continental Railways Limited – Acquisition of Railtrack HS1 Interests

Noble & Company Limited – Acquisition of Edison PFI Interests

 

Our Financial Institutions M&A experience (with Kapok Capital or previous firms):

Disposal by VTB Bank of Stake in International Moscow Bank

Kleinwort Capital Trust PLC – Joint Venture to Establish Fund Manager

Royal London Mutual Insurance Society Limited – Acquisition of Scottish Life

Bradford & Bingley PLC – Demutualisation and Flotation

Allied Zurich PLC – Reorganisation of Dual-headed Structure

 

Our Telecoms & Technology experience (with Kapok Capital or previous firms):

Acquisition by Bank Turan Alem of United Georgian Telecommunications

Uniphase Corporation – Merger with JDS Fitel to form JDS Uniphase