Deal Insight
Sterling Resources sells its Romanian operations to Carlyle Group for US$42.5 million
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Report summary
We value the acquired assets at US$160m (NPV10, March 2013), against a purchase price of US$42.5m. The acquisition of an attractive upstream development opportunity from a company that is financially stretched is ideal for a PE firm with ample funding and existing expertise in the E&P industry. We expect that Carlyle will push the Ana & Doina development through planning and permitting, and could potentially invest up to US$400m by 2020 taking it through to production.
Table of contents
- Executive summary
- Transaction details
- Upstream assets
- Deal analysis
- Upsides and risks
- Strategic rationale
- Oil & gas pricing and assumptions
Tables and charts
This report includes 7 images and tables including:
- Executive summary: Table 1
- Upstream assets: Table 1
- Deal analysis: Table 1
- Deal analysis: Table 2
- Deal analysis: Table 3
- Oil & gas pricing and assumptions: Table 1
- Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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