NGX-listed Nigerian oil and gas producer. Raised its stake in ND Western to about 81% (40% acquisition completed on 31 December 2025). Strategic investor profile: excluded from matching.
Based on observed investment behaviour: 2 recorded deals
Fewer than three recorded deals: insufficient evidence to compare thesis and behaviour.
Does this fund fit your project?
Describe your need: the target list shows, for each source of capital, why it fits and which deals prove it.
Criteria published by the fund, recorded and checked by Invest Matching.
Recent public deals: they say better than a thesis what the fund actually signs.
Completed on 31 December 2025.
Activity : Oil and gas (upstream and gas infrastructure)
Announced October 2025, completed December 2025 — 2 months from announcement to closing
Instrument : Purchase of 40% for about US$300m; stake raised to about 81%
Operator of OML 34 in the Niger Delta.
Why they invested
Source : aradel.comN1 · Primary source · Other sources : NGX
Activity : Oil and gas (upstream and gas infrastructure)
Announced January 2024, completed March 2025 — 14 months from announcement to closing
Instrument : Acquisition of 100% of SPDC by the Renaissance Africa Energy consortium: USD 1.3bn base price and up to USD 1.1bn of additional payments · Vehicle : Aradel Energy Ltd
Consortium acquisition · Stake : 100% · Seller : Shell
Shell's onshore Nigerian subsidiary, operator of the SPDC joint venture (30%), renamed Renaissance Africa Energy Company.
Co-investors First E&P (Co-Lead), ND Western (Co-Lead), Petrolin Group (Co-Lead), Waltersmith Group (Co-Lead)
Source : enerdata.netN2 · Cross-checked (2+ outlets) · Other sources : Shell, finalisation de la cession (13/03/2025), ThisDay, Enerdata
Recorded stake acquisitions in this company, with the published stake.
Aradel Holdings invests across the following sectors: Energy, in the following areas: Nigeria. Check in 30 seconds whether your company fits these criteria.
