M&A Deal Summary

AEC Partners and aPriori Capital Partners Acquire Laramie Energy II

On June 1, 2007, private equity firms AEC Partners and aPriori Capital Partners acquired oil/gas exploration company Laramie Energy II for 300M USD

Acquisition Highlights
  • This is AEC Partners’ 6th and aPriori Capital Partners’ 6th transaction in the Oil/Gas Exploration sector.
  • This is AEC Partners’ and aPriori Capital Partners’ 11th largest (disclosed) transaction.
  • This is AEC Partners’ 5th and aPriori Capital Partners’ 32nd transaction in the United States.
  • This is AEC Partners’ 1st and aPriori Capital Partners’ 4th transaction in Colorado.

M&A Deal Summary

Date 2007-06-01
Target Laramie Energy II
Sector Oil/Gas Exploration
Buyer(s) AEC Partners
aPriori Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 300M USD

Target

Laramie Energy II

Denver, Colorado, United States
website
Laramie Energy II is focused on developing unconventional oil and natural gas reserves in the Piceance Basin in Western Colorado. Laramie Energy II was founded in 2007 and is based in Denver, Colorado.

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Buyer(S) 2

Buyer

AEC Partners

website


Category Private Equity Firm
Founded 2017
PE ASSETS 3.9B USD
Size Large
Type Sector Focused
DESCRIPTION

AEC Partners is a private equity firm focused on providing direct equity investments in companies from the energy sector. AEC Partners looks to invest between $25 to $75 million in companies from the Southern US. AEC Partners is based in Houston, Texas was spun out from Avista Capital Partners and formed as an independent firm in 2017.


DEAL STATS #
Overall 6 of 14
Sector (Oil/Gas Exploration) 6 of 12
Type (Buyout (LBO, MBO, MBI)) 6 of 12
State (Colorado) 1 of 2
Country (United States) 5 of 11
Year (2007) 2 of 2
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-01-01 Peregrine Oil & Gas II

Houston, Texas, United States

Peregrine Oil & Gas II, LLC is focused on generating, acquiring, developing and operating low to moderate risk drilling and exploitation prospects within the Gulf of Mexico continental shelf.

Buy $105M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-21 Hansa Hydrocarbons

London, United Kingdom

Hansa Hydrocarbons is an exploration and production company, focused on the acquisition and development of oil and natural gas properties in the German and Dutch North Sea.

Buy -
Buyer
DESCRIPTION

aPriori Capital Partners (formerly DLJ Merchant Banking Partners) is a middle-market private equity firm focused on middle-market buyouts in the US and Europe. Sectors of interest include healthcare, retail, consumer, energy, business services, and industrial. aPriori was originally established in 1985 and has offices in New York and Los Angeles.


DEAL STATS #
Overall 45 of 55
Sector (Oil/Gas Exploration) 6 of 7
Type (Buyout (LBO, MBO, MBI)) 23 of 26
State (Colorado) 4 of 5
Country (United States) 32 of 40
Year (2007) 1 of 4
Size (of disclosed) 11 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-18 Laramie Energy

Denver, Colorado, United States

Laramie Energy LLC is engaged in the exploitation and production of unconventional natural gas reserves in domestic onshore markets.

Sell $1.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-20 Nuveen Investments

Chicago, Illinois, United States

Nuveen Investments LLC provides high-quality investment services designed for institutions and high-net-worth investors as well as the consultants and financial advisors who serve them.

Buy $5.8B