Houlihan Lokey Advises Stratum Energy Romania

Houlihan Lokey is pleased to announce that Stratum Energy Romania, LLC (Stratum Energy), a portfolio company of Gemcorp Capital Management (Gemcorp) and Chenavari Credit Partners (Chenavari), has been acquired by Emma Lambda Ltd., a subsidiary of Emma Capital. The transaction closed on 16 September 2024.

Stratum Energy is the largest independent onshore gas producer in Romania. The company holds a 100% operated interest in the Moinesti EV-1 Concession, which includes the Poduri gas-condensate field.

Stratum Energy supplies gas to industrial and domestic gas markets in Romania, utilising a modern and owned gas processing facility with 44 million standard cubic feet per day nameplate capacity. The Poduri Field contains significant volumes of currently undeveloped oil and gas, providing the opportunity to materially increase and extend the company’s production activities.

The transaction was effected through the sale of the company’s outstanding debt obligations and the equity of Stratum Energy.

Emma Capital, founded by Czech entrepreneur Jiří Šmejc together with highly experienced partners, is an international investment group with investments in the financial services, energy, gaming, and e-commerce industries across Central and Southeast Europe.

Gemcorp is an independent investment management firm focused on emerging markets. Founded in 2014, Gemcorp’s core strategy is providing debt capital to growth-focused corporates and sovereign entities.

Chenavari is an independent alternative fixed-income specialist in European credit markets, with expertise across the liquidity spectrum, from corporate and financial bonds and asset-backed securities to leveraged finance, private credit, and specialty finance loan origination.

Houlihan Lokey acted as the sole financial advisor to Stratum Energy, Gemcorp, and Chenavari.

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