Welligence North Sea | Serica Energy diversifies in win-win deal with Tailwind Energy
December 23, 2022
On 20 December 2022, Serica Energy announced the acquisition of Tailwind Energy. The consideration comprises £367 million (US$440 million) in shares and cash. Serica will take on Tailwind’s debt of £277 million (US$332 million), resulting in an enterprise value of US$772 million. The deal is expected to close in March 2023.