M&A · Energy · Crude Petroleum & Natural Gas
Vaalco Energy Inc to acquire Transglobe Energy Corp
Announced Jul 14, 2022 · Closed Oct 14, 2022
Deal value$307MEV $307M
Premium—To unaffected price
EV / Adj. EBITDA—1.8x EV / Revenue
ConsiderationAll stock
Transaction
- Acquirer
- Vaalco Energy Inc (EGY)
- Target
- Transglobe Energy Corp
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- $307M
- Status
- Closed Oct 14, 2022
Deal protections
Not yet read from the merger agreement.
Advisors
- To the acquirer
- Not disclosed
- To the target
- Evercore
Sector context · Energy
- Comparable deals
- 36 in the prior 24 months
- Premium
- Sector median 27.3%
- EV / Adj. EBITDA
- Sector median 12.2x
- Break fee
- Sector median 2.8%
Timeline
- AnnouncedJul 14, 2022
- ClosedOct 14, 2022