Investment Summary

EnCap Investments and Kayne Anderson Capital Advisors Invest In Grenadier Energy Partners II

On July 1, 2012, growth capital firm EnCap Investments and asset manager Kayne Anderson Capital Advisors invested in oil/gas exploration company Grenadier Energy Partners II

Investment Highlights
  • This is EnCap Investments’ 71st and Kayne Anderson Capital Advisors’ 73rd transaction in the Oil/Gas Exploration sector.
  • This is EnCap Investments’ 72nd and Kayne Anderson Capital Advisors’ 81st transaction in the United States.
  • This is EnCap Investments’ 53rd and Kayne Anderson Capital Advisors’ 44th transaction in Texas.
Investment Fate
  • Grenadier Energy Partners II was sold to a strategic buyer in 2021.

Investment Summary

Date 2012-07-01
Target Grenadier Energy Partners II
Sector Oil/Gas Exploration
Investor(s) EnCap Investments
Kayne Anderson Capital Advisors
Deal Type Stake Purchase

Target

Grenadier Energy Partners II

The Woodlands, Texas, United States
Grenadier Energy Partners II is a private exploration and production company that focuses on a balanced strategy of lease and drill opportunities with significant resource potential, as well as acquisitions with identifiable exploitation and development upside. Grenadier Energy Partners II was founded in 2012 and is based in The Woodlands, Texas.

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Investor(S) 2

Investor

EnCap Investments

Houston, Texas, United States

Investor Investor Investor Investor Investor


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 72 of 109
Sector (Oil/Gas Exploration) 71 of 105
Type (Stake Purchase) 30 of 31
State (Texas) 53 of 81
Country (United States) 72 of 107
Year (2012) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-09 Paloma Partners II

Houston, Texas, United States

Paloma Resources is a private oil and gas exploration and production company .

Sell $750M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 Common Resources II

The Woodlands, Texas, United States

Common Resources II LLC is an exploration and production company focused on domestic, onshore, oil and gas opportunities where horizontal drilling techniques are required to extract the resource.

Sell $214M
Investor

Kayne Anderson Capital Advisors

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1984
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kayne Anderson Capital Advisors is an alternative investment management firm focused on hedge funds, public funds, energy private equity, growth private equity, real estate private equity, and mezzanine finance opportunities. Kayne's energy private equity group focuses on $20 to $100 million investments in high-growth exploration and production, midstream and oilfield service companies. The energy group considers both majority or minority stakes in public and private businesses. Kayne's growth private equity practice involves structured investments in public and private companies looking for capital to finance expansion. This group will also consider middle-market leveraged transactions and management buyouts. Kayne's real estate private equity group invests in established, cash-flow generating projects. Areas of interest include student housing and campus-oriented retail properties, amongst other opportunistic investments. The Group looks for acquisitions of $25 to $100 million. Kayne's mezzanine team looks to provide $20 to $35 million of capital for mid-market businesses with $100 to $500 million of sales and $10 to $50 million of EBITDA. Kayne Capital Advisors was formed in 1984 and is based in Los Angeles with additional offices in Armonk, New York; New York City, and Houston.


DEAL STATS #
Overall 88 of 177
Sector (Oil/Gas Exploration) 73 of 105
Type (Stake Purchase) 21 of 37
State (Texas) 44 of 70
Country (United States) 81 of 160
Year (2012) 10 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-01 Cantera Energy

The Woodlands, Texas, United States

Cantera Energy was an independent oil and natural gas company headquartered in The Woodlands, Texas that focused on the acquisition and development of oil and natural gas properties with identifiable exploitation and development upside in the onshore Gulf Coast regions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-01 PAK Development

Midland, Texas, United States

PAK Development is a private exploration and production company based in Midland, Texas that focuses on the acquisition and development of oil and gas properties in the Permian Basin.

Buy -