Buyout (LBO, MBO, MBI) • Energy Services and Equipment

Amberjack Capital Partners and Alcentra Capital Acquire Casedhole Solutions

On June 25, 2008, private equity firm Amberjack Capital Partners and mezzanine finance firm Alcentra Capital acquired energy services and equipment company Casedhole Solutions

Acquisition Context
  • This is Amberjack Capital Partners’ 4th and Alcentra Capital’s 1st transaction in the Energy Services and Equipment sector.
  • This is Amberjack Capital Partners’ 3rd and Alcentra Capital’s 28th transaction in the United States.
  • This is Amberjack Capital Partners’ 3rd and Alcentra Capital’s 2nd transaction in Texas.
Investment Fate
  • Casedhole Solutions was sold to a publicly-traded strategic buyer in 2012 for 273M USD.

Explore All 658 Buyout (LBO, MBO, MBI) Energy Services and Equipment Deals - Search the Database Free


M&A Deal Summary

Date June 25, 2008
Target Casedhole Solutions
Sector Energy Services and Equipment
Buyer(s) Amberjack Capital Partners
Alcentra Capital
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Casedhole Solutions

Houston, Texas, United States
Casedhole Solutions offers a comprehensive suite of wireline services to its customers, including well perforation, completion and pipe recovery services.
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Buyers Overview 2

Buyer

Amberjack Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Amberjack Capital Partners is a specialist private equity firm focused on control investments in the upstream energy sector, including oilfield service and manufacturing companies. Specific segments of interest include downhole tools, drill bits and associated drilling technologies, drilling and completion fluids, drilling motor technology, enhanced oil recovery services, mud logging and related technical services, pressure control (land and subsea), subsea components, technology and equipment, managed pressure drilling, wireline services and related tools, completion products and services, differentiated equipment rental companies, and artificial lifts. The Firm targets businesses with $4 to $20 million of EBITDA and can complete transactions valued up to $175 million. Amberjack Capital Partners was formed in 2006 and is based in Cambridge, Massachusetts and has offices in Houston, Texas.


Deal Context for Buyer #
Overall 4 of 28
Sector: Energy Services and Equipment 4 of 20
Type: Buyout (LBO, MBO, MBI) 4 of 16
State: Texas 3 of 19
Country: United States 3 of 24
Year: 2008 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-01 Galathea Group

Houston, Texas, United States

Galathea is the unifying force behind a diverse group of technologically innovative oilfield services companies. Galathea is currently comprised of Gilmore Valve, Hydrafit Subsea and Argus Subsea.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-20 Tejas Research & Engineering

The Woodlands, Texas, United States

Tejas Research & Engineering LP is a provider of in-house engineering and design; outsourced parts manufacturing; and assembly, testing, verification, and installation of the developed products.

Buy -
Buyer

Alcentra Capital

New York, New York, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1998
PE ASSETS 540M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Alcentra Capital Corporation is the direct investment arm of asset management firm Alcentra. Alcentra capital looks to provide equity and subordinated debt to middle-market companies throughout North America. The Firm looks to invest $5 to $15 million per transaction in profitable companies with $5 to $15 million of EBITDA. Sectors of interest include healthcare, government services, business services, and defense. Alcentra Capital Corporation was formerly known as BNY Mellon-Alcentra Mezzanine Partners. The Group was originally established in 1998 and is based in New York City.


Deal Context for Buyer #
Overall 29 of 54
Sector: Energy Services and Equipment 1 of 2
Type: Buyout (LBO, MBO, MBI) 7 of 12
State: Texas 2 of 5
Country: United States 28 of 50
Year: 2008 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-04 Chamberlin Edmonds & Associates

Atlanta, Georgia, United States

Chamberlin Edmonds & Associates is a provider of specialized eligibility determination services to hospitals throughout the U.S. CEA guides uninsured patients through complex application processes to secure government and community reimbursement for uncompensated medical care.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-01 Emerald Waste Services

Freeport, Florida, United States

Emerald Waste Services LLC is a solid waste services provider.

Buy -