One of the north-east’s top deal makers will address the future of the region’s mergers and acquisitions market at a P&J event next month.
With global climate change protests, declarations of climate emergency and the media hype around Greta Thunberg, there is every likelihood of some sort of attempt by protestors to target Offshore Europe and hi-jack the headlines with their agenda.
The head of international energy investment banking at Simmons & Company International said there was unlikely to be any "seismic shift" in the oil market after the UK voted to exit the European Union.
Simmons & Company boss Colin Welsh hailed the completion of its £90million buyout by a US investment bank as a “a big vote of confidence” in the energy industry.
The boss of Simmons & Co said he expects to see more mergers and acquisitions in the next year, as he spoke about his own company's $139million takeover by Piper Jaffray. The companies announced in a joint statement yesterday they had signed a deal for the merger after detailed talks intensified in the past four weeks. Speaking exclusively to Energy Voice, Colin Welsh, who heads up Simmons business in the eastern hemisphere said he also expected the oil price to pick up.
Investment bank Piper Jaffray has agreed to acquire Simmons and Co in a deal worth $139million. The company said the move represented a “major step” in its drive towards $500million in annual investment banking revenue. Piper Jaffray will acquire 100% of Simmons in the $139million deal, which will consist of $91million in cash and $48million in restricted stock.