Growth Equity Investments in Upstream Oil & Gas
2 Why are we here • Introduce Energy Ventures Private Equity (EVPE) to Subsea UK members • Subsea sector is a key focus area for us • Explain how EVPE can help create value for companies • Elaborate on our investment criteria • Put ourselves forward as the growth-enabling investor of choice for companies in the subsea sector looking for growth capital
3 Energy Ventures Private Equity Growth equity investments in Upstream Oil & Gas • Significant global presence and • Small to Mid-market network through offices in private equity firm focused Stavanger, Aberdeen, and on IBO/MBO and growth Houston capital to the upstream oil & gas sector • Focus on businesses • Excellent investment that lower risks/costs track record over five and increase funds since 2002 productivity • 39 platform investments made • 17 investments in the UK on a global basis Approx. $1bn assets under management
4 EVPE Team Deep industry and PE experience is fundamental to EVPE strategy Name Sectors PE O&G Prior Roles Name Sectors PE O&G Prior Roles Kjell Jacobsen President & CEO, Seadrill; Jim Sledzik VP, WesternGeco; 8 35 8 27 Executive Chairman President & CEO, Smedvig Senior Partner Account Director, Schlumberger Helge Tveit Exec. Advisor, BP Norway; Shantanu Agarwal Co-founder, Oscomp; Associate, 13 27 6 15 Managing Partner Strat. Planning Director, Amoco Partner McKinsey; BD Manager, Schlumberger STON HOUST Einar Gamman Deputy MD, Smedvig; BD Manager, ABB; Matt Anstead VP, Simmons & Co.; 15 30 7 16 Senior Partner Project Engineer, Tentech Investment Director Field Engineer, Schlumberger HO Rune Jensen Managing Partner, Progressus; Espen Strøm 10 35 8 11 Financial Analyst, Exxon Mobil STAVANGER Senior Partner CEO, Allianse Investment Manager Per Arne Jensen Managing Partner, Progressus; Atif Ali PPHB, 9 25 4 4 Senior Partner CEO, Figgjo Senior Analyst Duff & Phelps Pelle Bildtsén Corporate Advisor, Melberg; Greg Herrera VP, Simmons & Co.; Engineering Sales, 14 16 11 25 CFO Associate, Procuritas Senior Partner Hydril; Founder, Rototech ABERDEEN Kjetil Norheim Tomas Hvamb 2 2 MSc -HEC Lausanne 3 11 VP, Barclays Bank Analyst Investment Director Karem Kobayashi 3 10 BG Group Senior Associate Rajat Maheshwari Sales and Field Geophysicist, 2 5 Analyst Schlumberger Reservoir Evaluation Drilling & Well Intervention, Field Development, Others (Finance/IT) & Exploration Construction Completion & Lift Facilities & HSE
5 Unique Senior Network of Industry Experts Provide global reach, board leadership and expert opinions on future macro trends in the oil & gas industry Ope peratin ing Part artners Gavin Prise Former CEO of Expro Andrew Boland Former MD, Research at Peters & Co. Limited Saad Bargach Former senior executive at Schlumberger and Partner in Lime Rock Partners Advis Adv isory ry Boar Board Paul Ching Former VP R&D, Shell E&P Karl Johnny Hersvik CEO, Det Norske ASA Sergio Martinez-Burgos Director, Investments, Temasek José Formigli Former Chief Exp. & Prod. Officer & Executive Board Member, Petrobras Dr. Vikram Rao Exec. Director, RETC; Former CTO, Halliburton Dr. Ram Shenoy Former CTO, ConocoPhilips; Former VP Research, Schlumberger Richard Spears MD, Spears & Associates Carl Trowell President & CEO of Ensco plc; Former President, Schlumberger IPM & SPM
6 Leading OFS investor in Scotland Capital invested by Direct EVPE $139m $256m EV Co- investment Investment partners Int. Number of UK Significant 17/43 companies invested international growth growth in vs total % of Scottish No of Portfolio 12 28% investments vs total Companies with by number Scottish HQ’s
7 Global Experience EVPE has experience of managing companies worldwide
8 Select EVPE Subsea Technology
9 How We Create Value Partner with management and owners to build fundamentally better companies Origination Stewardship At Exit/IPO Mod oderate siz sized Greater IP enhancement Dif ifferentia iated com ompanie ies stabili ility y with with Broader valu alue enh nhan anced Enhanced BD geog ographic ical al pr prop opos osit itio ion or EB EBITDA capabilities presence pr busin bus iness models mod ls Geographic expansion Access to experts Loc Local l to to Worldwide agent internatio tional network Div iversif ifie ied geog ographic ical pr prod oduct and nd presence pr Financial structuring se servic ice Signifi ificant IP P Pos osit itiv ive EB EBITDA portfolio po lio and nd (USD SD 0 0 to to 10 10m) Complementary differentia di iatio ion acquisitions Leverage portfolio relationships
10 Investment criteria Businesses helping customers find and produce oil and gas in more efficient, cost-effective and environmentally-friendly ways Man anagement Tar argets ts • • Higher growth companies in the global upstream Support high quality management teams oil and gas industry • Upgrade boards and management teams where • Software, hardware and service companies required • Sales and rental business models Investm tment Investm tment Str trategy • Growth equity investments in EBITDA positive $5m – $25m equity (sweet spot) with companies to support: potential to deploy up to $60m over the • Buy and build ownership period of each investment • Differentiated technology • Typical holding 40% - 80% of equity commercialisation • 10+2 years life span • Internationalisation and Organic growth Geog ograph phy Tran ansacti tion on • Board position and influence a pre-requisite • Worldwide, but with Western Europe and North • Agreement on growth plan America as main focus areas • Partnering model
11 Summary • We work in a partnership model with stakeholders • We believe that we have the experience, expertise, and geographical reach that would enable rapid growth of subsea businesses • We have capital to invest in new platforms and “add - on” acquisition to existing portfolio companies • We would like to have an opportunity to discuss your strategic funding need
12 Thank you • EVPE Contacts: • Greg Herrera, Senior Partner (gh@evpe.com) • Tomas Hvamb, Investment Director (th@evpe.com) • Rajat Maheshwari, Analyst (rm@evpe.com)
Recommend
More recommend
