M&A Deal Summary

The Carlyle Group Acquires EnerMech

On October 15, 2018, private equity firm The Carlyle Group acquired energy services and equipment company EnerMech from Lime Rock Partners

Acquisition Highlights
  • This is The Carlyle Group’s 24th transaction in the Energy Services and Equipment sector.
  • This is The Carlyle Group’s 43rd transaction in the United Kingdom.

M&A Deal Summary

Date 2018-10-15
Target EnerMech
Sector Energy Services and Equipment
Buyer(s) The Carlyle Group
Sellers(s) Lime Rock Partners
Deal Type Secondary Buyout

Target

EnerMech

Aberdeen, United Kingdom
website
EnerMech is an international services company providing critical asset support to the energy, infrastructure and industrials sectors. EnerMech was founded in 2008 and is based in Aberdeen, Scotland.

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Buyer(S) 1

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 376.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


DEAL STATS #
Overall 622 of 695
Sector (Energy Services and Equipment) 24 of 25
Type (Secondary Buyout) 96 of 125
Country (United Kingdom) 43 of 50
Year (2018) 18 of 22
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-15 Adicon

Hangzhou, China

Adicon is an independent clinical laboratory (ICL). Adicon operates 20 fully-owned diagnostic laboratories, offering diagnostic testing outsourcing services to more than 10,000 active customers, including hospitals, clinics and contract research organizations (CROs) in 28 provinces. Adicon was founded in 2004 and is based in Hangzhou, China.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-08 iCapital Network

New York, New York, United States

iCapital Network is a financial technology platform that provides simplified access to alternative investments. The state-of-the-art online platform offers a curated selection of private equity funds and hedge funds, extensive due diligence support and powerful research tools to a private member network of qualified investors, family offices, registered investment advisors and broker-dealers. iCapital’s end-to-end solution streamlines and automates the investment process with electronic subscriptions, capital calls, distributions and redemptions, fund statements, and user-friendly investor and tax reporting.

Buy -

Seller(S) 1

SELLER

Lime Rock Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1998
PE ASSETS 8.9B USD
Size Mega
Type Sector Focused
DESCRIPTION

Lime Rock Partners is a private investment firm focused on growth capital investments in the energy industry. Specifically, Lime Rock looks for companies engaged in exploration & production, energy service, and oil service technology in North America and Europe. Lime Rock's target investment size is $50 to $150 million in businesses valued up to $500 million. Lime Rock Partners was formed in 1998 and is affiliated with Lime Rock Resources. Lime Rock Partners has offices in Westport, Connecticut; Aberdeen, Scotland; and Houston, Texas.


DEAL STATS #
Overall 47 of 57
Sector (Energy Services and Equipment) 21 of 24
Type (Secondary Buyout) 9 of 9
Country (United Kingdom) 9 of 10
Year (2018) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-01 Basin Properties

Midland, Texas, United States

Basin Properties provides oilfield services and water midstream company focused on water sourcing and transfer services in the Delaware Basin. Basin Properties is based in Midland, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-01 VES Survey International

Robstown, Texas, United States

VES Survey International is an independent wellbore surveyor for the oil and gas industry and also it is a provider of leading-edge directional drilling surveying services, using the world’s most advanced gyro technology. VES Survey International was founded in 1999 and is based in Robstown, Texas.

Sell -