Simmons & Co completes $2.3bn of deals in 2012

Simmons & Co Aberdeen has announced that it completed 14 UK and international deals in the oil and gas sector in 2012, with a total value of $2.3bn (£1.4bn). This is more than double the total value of deals completed by the company in 2011.

In the subsea sector, the sale of Acteon to KKR and the divestment of GustoMSC by SBM to Parcom Capital were prominent deals. Significant transactions in technology included the sales of Zenith, Red Spider Technology, Petrowell and Nessco to Lufkin, Halliburton, Weatherford and Rignet, respectively.

On the buy side, Simmons represented Tetra Technologies in its acquisition of Optima and assisted Phoenix Equity Partners in its acquisition of Gall Thomson Environmental.