According to Bloomberg, RBC Capital Markets is currently ranked as the #1 global oil & gas M&A financial adviser1 for 2009 year to date, having advised on transactions with a combined value in excess of US$27 billion.
With over 160 dedicated energy professionals, located in Europe, Canada and the United States, RBC Capital Markets provides in-depth industry knowledge and transaction execution capabilities, including corporate lending, corporate finance, M&A advisory, equity and debt financing, commodities trading, research on over 200 energy companies globally and specialist energy equity sales and trading. RBC Capital Markets works with the world’s leading energy companies across the entire oil & gas sector, including upstream exploration & production, oil field services, energy infrastructure and refining & marketing.
Most recently, it was announced that RBC Capital Markets is acting as exclusive financial
adviser to Addax Petroleum, an international oil and gas company with assets in West Africa and Kurdistan, in connection with its C$10.3 billion sale to Sinopec, the wholly owned subsidiary of China Petrochemical Corporation.
Other significant oil & gas M&A transactions in 2009 include:
- Financial adviser to Petro-Canada on its C$23 billion merger with Suncor Energy
- Financial adviser to Dyas on the Dyas-led consortium’s EUR 647 million acquisition of Wendel’s wholly owned Dutch oil and gas subsidiary, Oranje-Nassau Energy
- Financial adviser to Marathon in connection with the sale of its operated production in the Permian Basin for US$301 million to Apache and an Undisclosed Buyer
- Financial adviser to UTS Energy in response to the C$619 million unsolicited offer from Total (successfully defended)
- Financial adviser to Rift Oil Plc on its GBP 115 million acquisition by Talisman Energy
- Financial adviser to Crescent Point Energy Trust in connection with its C$360 million acquisition of Bakken assets from Talisman Energy
- Financial adviser to Dana Petroleum Plc on its C$219 million acquisition of Bow Valley Energy
- Financial adviser to Arawak Energy Limited on its C$183 million sale to Vitol’s 100% owned subsidiary Rosco S.A.
In addition to its leadership in corporate oil & gas M&A, RBC Capital Markets has been very active in raising equity financing for oil & gas organizations globally, acting as book runner on thirteen transactions raising over $1.4 billion of equity in Canada, the US and internationally. Selected transactions include Premier Oil Plc’s fully underwritten rights issue in the UK (GBP171 million), follow-on offerings for ARC Energy Trust (C$253 million), Connacher Oil & Gas (C$173 million) and OPTI (C$150 million) in Canada and LINN Energy (US$103 million), Penn Virginia Corp (US$67 million) and EV Energy Partners LP (US$71 million) in the US.
These transactions continue to evidence RBC’s global leadership and prominence in the energy business.
[1] Data as of 25 June 2009; Oil & Gas includes E&P, Integrated and Refining & Marketing |