M&A Deal Summary

Silverhawk Capital Partners and EnCap Investments Acquire Paloma Resources II

On November 1, 2009, private equity firm Silverhawk Capital Partners and growth capital firm EnCap Investments acquired oil/gas exploration company Paloma Resources II

Acquisition Highlights
  • This is Silverhawk Capital Partners’ 2nd and EnCap Investments’ 50th transaction in the Oil/Gas Exploration sector.
  • This is Silverhawk Capital Partners’ 6th and EnCap Investments’ 51st transaction in the United States.
  • This is Silverhawk Capital Partners’ 2nd and EnCap Investments’ 39th transaction in Texas.
Investment Fate
  • Paloma Resources II was sold to a publicly-traded strategic buyer in 2012 for 750M USD.

M&A Deal Summary

Date 2009-11-01
Target Paloma Resources II
Sector Oil/Gas Exploration
Buyer(s) Silverhawk Capital Partners
EnCap Investments
Deal Type Buyout (LBO, MBO, MBI)

Target

Paloma Resources II

Houston, Texas, United States
website
Paloma Resources II LLC is an oil and gas company focused on exploration, exploitation, acquisition, and production of oil and gas reserves.

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Buyer(S) 2

Buyer

Silverhawk Capital Partners

Greenwich, Connecticut, United States

website


Category Private Equity Firm
Founded 2005
PE ASSETS 450M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Silverhawk Capital Partners is a private equity firm that targets recapitalizations of family owned business, acquisitions of divisions of larger corporations, and acquisitions of growth platform businesses. Sectors of interest include manufacturing, industrial products, chemicals, business services, distribution, data management, consumer services, energy, and natural resources. The Firm looks to invest $25 to $175 million of equity capital in companies valued up to $1 billion. Silverhawk Capital Partners was established in 2005 and has offices in Greenwich, Connecticut and Charlotte, North Carolina.


DEAL STATS #
Overall 6 of 11
Sector (Oil/Gas Exploration) 2 of 3
Type (Buyout (LBO, MBO, MBI)) 4 of 5
State (Texas) 2 of 3
Country (United States) 6 of 10
Year (2009) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-08 Summit Materials

Denver, Colorado, United States

Summit Materials is a heavy-side construction materials company. Summit Materials was founded in 2009 and is based in Denver, Colorado.

Buy $780M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-04 WorldStrides

Charlottesville, Virginia, United States

WorldStrides, Inc. is a provider of experiential learning to over 400,000 students per year covering academic, professional, performing arts, and athletic programming. The company partners with more than 7,000 K-12 schools and 800 universities, including top MBA programs. Since its founding in 1967, more than seven million students have travelled with WorIdStrides.

Sell -
Buyer

EnCap Investments

Houston, Texas, United States

Investor Investor Investor Investor Investor

website


Category Growth Capital Firm
Founded 1988
PE ASSETS 38.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

EnCap Investments is a private equity firm focused on the US energy sector. EnCap specifically looks for upstream and midstream opportunities within the oil and gas industry. EnCap generally partners with seasoned management when pursuing investments. EnCap Investments has offices in Dallas and Houston.


DEAL STATS #
Overall 51 of 89
Sector (Oil/Gas Exploration) 50 of 84
Type (Buyout (LBO, MBO, MBI)) 27 of 43
State (Texas) 39 of 64
Country (United States) 51 of 87
Year (2009) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-08-02 Plains All American

Houston, Texas, United States

Plains All American is a provider of oil pipeline transportation, marketing, and storage business. The company engages in the transportation, storage, terminalling and marketing of crude oil, refined products, and liquefied petroleum gas and other natural gas-related petroleum products. Plains All American was founded in 1998 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-01 Phillips Energy Partners

Shreveport, Louisiana, United States

Phillips Energy Partners is a Houston-based company focused on acquiring producing royalty and mineral interests and outside operated working interests. Phillips Energy Partners will seek to acquire not only producing mineral fee interests, but also operated and outside operated working interest and non-producing mineral fee interests in a wider range of basins.

Sell -