Tendeka – completion solutions

RSM’s M&A and private equity team has advised on the sale of Tendeka B.V., a leading provider of innovative technology, products and services to the oil and gas industry, to TAQA (industrialisation and energy services company).

The client

Established in 2009, Tendeka has grown to become one of the leading providers of technology for reservoir optimisation, completion systems and related services to the upstream oil and gas industry.

With $1.2bn revenue, TAQA provides products and services to the energy industry focused on achieving performance and sustainability, through an integrated suite of capabilities across drilling, completions and production services.

Our solution

Our role was to support on key negotiations around the completion mechanism, including providing strategic commercial advice in relation to net debt and working capital.

Transaction team: Connor Agnew, Tom Sheerin and Dylan Spry.

Testimonial

'Connor and his team at RSM provided invaluable support in the final stages of the negotiations with the buyer.'

Colin Burnett, CEO, Abbotsford Capital

Investment adviser to the shareholders of Tendeka B.V.

Member of the Tendeka B.V. board

'RSM provided a first-class service, taking a commercial and practical approach to various complex issues.'

Alan Pearson, Financial Director

Tendeka