EIG to Acquire 25% Stake in Repsol Upstream via Breakwater Energy Partnership

NEO Energy and Repsol Resources UK Combine to Form NEO NEXT

March 27, 2025

Energy

NEO Energy and Repsol Resources UK have agreed a strategic merger to create NEO NEXT, a jointly owned upstream producer on the UK Continental Shelf. Under the terms, NEO will hold 55% and Repsol UK 45% of the combined business; Repsol will retain USD 1.8 billion of related decommissioning liabilities. Completion is subject to regulatory approvals and is expected in Q3 2025.

Energy Infrastructure Partners Increases Stake to Majority in BayWa r.e.

February 24, 2025

Energy

Energy Infrastructure Partners (EIP) has agreed to invest €150 million in BayWa r.e. via a capital increase, raising its ownership from 49% to 65% and becoming the company’s majority shareholder. The transaction is part of a broader recapitalization and restructuring of BayWa r.e. to support its transformation, strengthen its balance sheet and refocus on profitability and core renewable-energy markets.

EIG to Acquire Ocyan for US$390 Million

December 28, 2023

Industrial Services

EIG has entered into definitive agreements to acquire Ocyan Participações S.A., a Brazilian offshore oil and gas solutions provider, for a total enterprise value of US$390 million. The deal is expected to close in the first quarter of 2024, subject to customary closing conditions.

Repario Acquires Breakwater Solutions

October 3, 2023

Legal Services

Repario has acquired Breakwater Solutions, an information governance and eDiscovery specialist, bringing Breakwater's leadership and AI-driven data discovery capabilities into Repario's service portfolio. The deal expands Repario's offerings in data privacy, information governance and next‑generation eDiscovery, positioning the combined business to deliver integrated solutions for legal, compliance and cybersecurity use cases.

Repsol Acquires ConnectGen from Quantum Capital Group

September 7, 2023

Energy

Repsol agreed to acquire US renewable developer ConnectGen from Quantum Capital Group/547 Energy for $768 million, adding a 20,000 MW pipeline and onshore wind development capabilities. The acquisition gives Repsol a significant onshore wind growth platform in the United States and brings ConnectGen’s development team into Repsol Renewables to accelerate the company’s international renewables expansion and 2030 capacity targets.

PGNiG Acquires INEOS E&P Norge Assets for $615M

January 1, 2021

Oil & Gas

Polskie Górnictwo Naftowe i Gazownictwo (PGNiG), via its Norwegian unit PGNiG Upstream Norway AS, agreed to acquire all assets of INEOS E&P Norge AS from INEOS for USD 615 million. The assets comprise predominantly gas-producing fields, exploration licences on the Norwegian continental shelf and an 8.2% interest in the Nyhamna gas terminal — a strategic move to boost PGNiG's Norwegian gas output and diversify Poland's gas imports.