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08/2017

MAERSK OIL acquired by TOTALENERGIES

DENMARK Oil & Gas / Upstream (Exploration & Production) EV 3b - 100b USD

Context

Total has entered into an agreement to acquire the entire share capital of Maersk Oil from A.P. Møller – Mærsk, as part of a structured transaction combining equity and debt assumption. This deal is strategically aimed at strengthening Total's exploration and production portfolio, with a clear intention to expand its exposure to high-quality conventional offshore assets. The transaction involves a full ownership stake, enabling the integration of Maersk Oil's operations into Total's upstream activities. The agreement also includes the issuance of new shares to the selling shareholder, thereby reinforcing the equity link between the two groups and cementing a long-term industrial partnership. Furthermore, the deal structure includes the assumption of financial commitments related to the target company, in accordance with the terms agreed upon by the parties.

MAERSK OIL, which reported an EBITDA margin of LOGIN in 2016, is valued in this transaction at an EV/EBITDA multiple of LOGIN.

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

Target

Maersk Oil is a leading oil and gas exploration and production company with a long history of operation within the A.P. Møller – Mærsk group. The company boasts a diversified upstream portfolio, primarily focused on conventional offshore resources, with a strong presence in Northern Europe, particularly in the North Sea. Leveraging several decades of operational expertise in complex and mature offshore environments, Maersk Oil occupies key positions as operator and partner in strategic projects. Its asset portfolio comprises significant stakes in major oil and gas fields across the UK, Norway, and Denmark, as well as complementary positions in other international regions. Notably, Maersk Oil is involved in major offshore developments, including producing and advanced development projects, which contribute to a stable and diversified production base.

Ent. Value

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Equity Value

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Multiples

EV / Revenue

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EV / EBITDA

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EV / EBIT

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Historical Financials (USD)

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EBITDA
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2016
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2015
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REFERENCES

Valuation range: EV 3b - 100b USD

Revenue range: 2.5b - 5b USD

EBITDA range: 1b - 3b USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MAERSK OIL by TOTALENERGIES are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Acquirer: totalenergies