VAALCO Energy

VAALCO in its US$307 million business combination with TransGlobe

Client

VAALCO Energy

Value

US$307 million

Service

Mergers and Acquisitions

Date Closed

Industry

Energy

Lead Office

Toronto

 

On July 14, 2022, VAALCO Energy announced it had entered into a definitive arrangement agreement to acquire TransGlobe Energy in a stock-for-stock strategic business combination transaction valued at US$307 million. The combination of VAALCO and TransGlobe will create a world-class African-focused E&P company supporting sustainable growth and stockholder returns.

VAALCO, founded in 1985, is a Houston, USA-based, independent energy company with production, development and exploration assets in the West African region.

TransGlobe is a cash flow-focused oil and gas exploration and development company whose current activities are concentrated in the Arab Republic of Egypt and Canada.

Osler, Hoskin & Harcourt LLP advised VAALCO with a team consisting of Manny Pressman, Alex Gorka, Jeremy Wu, Bradley Lastman (Corporate), Neal Ross, Simon Baines, Aqeel Virk (Energy), David Davachi, Taylor Cao (Tax), Lynne Lacoursière, Shaun Parker, Abigail Ywaya (Executive Compensation and Employment), Tris Mallett and Matthew Huys (Litigation).