Equiteq and Corbett Keeling announce the sale of their client, oil and gas consultancy, Challenge Energy

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Equiteq and Corbett Keeling are pleased to announce the sale of their client, Challenge Energy to international environmental consultancy group SLR. In the deal, completed on 3rd November 2014, SLR acquired all the shares of Challenge Energy and the transaction included the merger of the existing UK based SLR upstream team with Challenge Energy.

"The advisory team at Equiteq / Corbett Keeling provided crucial input both prior to and during this transaction" Nick Hooke co-founder of Challenge Energy

Equiteq is a consulting sector merger and acquisition specialist, providing both growth advisory and M&A transaction services to the global consulting and IT services industry.

Challenge Energy was founded in 1997 and since that time established itself as a leading provider of integrated upstream oil and gas solutions globally. In combining forces with SLR’s existing UK oil and gas team, Challenge Energy has further strengthened its offering of integrated services across the upstream oil and gas value chain, and at the same time, gained access to SLR’s wider global oil and gas offering including environmental and regulatory compliance.

Commenting on the growth and sale process, Nick Hooke co-founder of Challenge Energy said ‘The advisory team at Equiteq / Corbett Keeling provided crucial input both prior to and during this transaction. Over about two years up to closing the deal, they advised on how to make the value of our business clear to prospective partners and then deal with their approaches. This helped us attract the right company, at the right time for the right price. In the final months, during the sale process itself, they provided invaluable input on how to present to, and negotiate with, the purchasers. Throughout, they were always available when needed, working diligently and providing incisive, timely advice.

‘This is an exciting time for the Challenge Energy team. We have enjoyed significant growth in recent years and established ourselves as one of the few upstream oil and gas advisors that can offer clients a truly integrated service. Working with SLR’s resources and global reach will enable us to strengthen and extend our service offering, something we feel our clients can really benefit from'.

SLR’s CEO Neil Penhall added: 'Our acquisition approach is to select complementary businesses that provide supplementary expertise and strengthen our global offering. Like SLR, Challenge prides itself on offering an integrated service that delivers value-added insight and solutions to clients.'

For more information and media enquiries contact:

Paula Allerton of Equiteq on +44 203 651 0607 or paula(dot)allerton(at)equiteq(dot)com.

Visit http://www.equiteq.com/equiteq-edge/register.aspx for free access to Equiteq Edge – Equiteq’s online resource and information hub aimed at shareholders, prospective shareholders, investors and corporate development executives in the consulting industry.

About Equiteq (http://www.equiteq.com)

Equiteq is a consulting sector M&A specialist. We work with consulting firm shareholders, helping them to achieve their business objectives and exit strategies. Our services are designed to deliver great returns for our clients, by accelerating revenue, profit and equity value growth, and ultimately realizing that value in a trade sale or other type of liquidity event. If any of these objectives are on your agenda, then please contact us.

About Corbett Keeling (http://www.corbettkeeling.com)

Corbett Keeling is an established corporate finance firm with a track record of over 20 years providing the services we continue to deliver today: advising management teams on buy-outs and buy-ins, guiding owners through the process of selling their businesses and providing specialist corporate finance advice including on building value in companies pre-sale. We operate in conjunction with a team of industry experts to offer sector specialist advice; and we are members of Globalscope, a leading network of corporate finance advisers operating globally to support clients in cross-border transactions (http://www.globalscopepartners.com).

About Challenge Energy (http://www.challengeenergy.com)

Challenge Energy, is a leading advisory and consultancy group offering high quality professional services to the oil and gas industry. Located in the UK, Challenge Energy is one of the few upstream oil and gas advisors that can offer a truly integrated service along the oil and gas value chain. Challenge Energy has been providing advisory and consultancy services on a continuous basis since 1997 and has worked extensively in petroleum provinces in many areas of the globe.

About SLR (http://www.slrconsulting.com)

SLR is a leading international environmental consultancy. With offices in the UK, Africa, Australasia, Europe and North America, SLR is one of a very small number of truly international specialists providing advice and support on a wide range of strategic and site-specific issues, to a diverse and growing base of business, regulatory and governmental clients. SLR specialises in the oil and gas, mining & minerals, renewable energy & low carbon energy, waste management, planning & development, infrastructure and industrial sectors, delivering expert sustainability advice and project management support across these sectors.

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Paula Allerton
Equiteq LLP
+44 2036510614
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Tony Rice
Equiteq
+44 203 651 0600
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