M&A Deal Summary |
|
|---|---|
| Date | 2004-03-03 |
| Target | Mariner Energy |
| Sector | Oil/Gas Exploration |
| Buyer(s) |
The Carlyle Group
Riverstone Holdings ACON Investments |
| Sellers(s) | Enron Creditors Recovery |
| Deal Type | Divestiture |
| Deal Value | 271M USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1987 |
| PE ASSETS | 376.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
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 | 148 of 695 |
| Sector (Oil/Gas Exploration) | 2 of 17 |
| Type (Divestiture) | 11 of 71 |
| State (Texas) | 10 of 51 |
| Country (United States) | 84 of 336 |
| Year (2004) | 7 of 36 |
| Size (of disclosed) | 99 of 133 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-03-01 |
Balfour
Dallas, Texas, United States Balfour is a manufacturer of customized products including jewelry, class rings, championship rings, and graduation announcements for high schools and universities across the country. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-03-25 |
Adesso Systems
Waltham, Massachusetts, United States Adesso Systems, Inc. is the provider of mobile application development platforms for rapid development, deployment and maintenance of mobile enterprise applications. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 40.0B USD |
| Size | Mega |
| Type | Sector Focused |
Riverstone Holdings is a large specialist private equity firm focused on opportunities in the energy and power industry. Specific areas of interest include oil & gas exploration, midstream transportation/logistics, electric generation, energy & power service, power infrastructure, and energy & power technology. Riverstone was formed in 2000 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 106 |
| Sector (Oil/Gas Exploration) | 2 of 42 |
| Type (Divestiture) | 1 of 6 |
| State (Texas) | 4 of 47 |
| Country (United States) | 7 of 78 |
| Year (2004) | 1 of 6 |
| Size (of disclosed) | 8 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2003-06-01 |
Magellan
Tulsa, Oklahoma, United States Magellan is a partnership that primarily transports, stores, and distributes refined petroleum products and crude oil. It owns a refined petroleum products pipeline system with access to nearly 50% of the nation's refining capacity and can store more than 100 million barrels of petroleum products such as gasoline, diesel fuel, and crude oil. Magellan was founded in 2000 and is based in Tulsa, Oklahoma. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-05-03 |
Buckeye Partners
Houston, Texas, United States Buckeye Partners L.P. owns and operates a diversified network of integrated assets providing midstream logistic solutions, primarily consisting of the transportation, storage and marketing of liquid petroleum products. Buckeye Partners is one of the largest independent liquid petroleum products pipeline operators in the United States in terms of volumes delivered, with approximately 6,000 miles of pipeline. Buckeye also uses its expertise to operate and/or maintain third party pipelines and perform certain engineering and construction services for our customers. Buckeye Partners was originally established in 1886 and is based in Houston, Texas. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1996 |
| PE ASSETS | 6.9B USD |
| Size | Mega |
| Type | Sector Agnostic |
ACON Investments is an international private equity firm that targets investments in the US, Europe, and Latin America. ACON's investment strategy covers 'opportunities at times of change - responding at points of inflection where value creation is possible'. Examples include businesses that serve the rapidly growing US Hispanic population, energy and energy service needs, businesses in need of operational help, and opportunities in Latin America resulting from economic deregulation and political liberalization. ACON's looks for companies where it can commit $20 to $150 million of equity capital. Target sectors include consumer products and services, distribution, business services and industrial manufacturing. ACON Investments was formed in 1996 and has offices in Washington DC; Houston, Texas; Los Angeles, California; and Madrid, Spain.
| DEAL STATS | # |
|---|---|
| Overall | 13 of 67 |
| Sector (Oil/Gas Exploration) | 1 of 5 |
| Type (Divestiture) | 1 of 4 |
| State (Texas) | 2 of 9 |
| Country (United States) | 7 of 41 |
| Year (2004) | 4 of 4 |
| Size (of disclosed) | 1 of 3 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2004-03-01 |
Magic Media
Bangor, Pennsylvania, United States At the time of exit, Magic Media was the sixth largest outdoor advertising Company in the United States with over 10,000 billboard and poster displays located in 21 states throughout the Southeast and Midwestern United States. Magic Media was acquired by ACON from its former bondholders as it emerged from bankruptcy in March 2004. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-02-23 |
Florimex International BV
Aalsmeer, Netherlands Florimex is one of the largest distributors of fresh cut flowers, bouquets, potted plants and decorative foliage in Europe and one of the leaders in its sector around the world. The company is headquartered in the Netherlands and operates 20 subsidiaries involved in various segments of the flower, plant and foliage value chains. |
Sell | - |
| Category | Company |
|---|---|
| Sector | Information Technology |
Enron Corp. filed for bankruptcy in 2001, it possessed substantial assets but even more substantial debts. In November 2004, the Company emerged from bankruptcy pursuant to a Bankruptcy Court approved plan of reorganization, and the new board of directors decided to rename the Company as Enron Creditors Recovery Corp.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Texas) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2004) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
