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