M&A Deal Summary |
|
|---|---|
| Date | 2005-10-17 |
| Target | Chart Industries |
| Sector | Machinery |
| Buyer(s) | First Reserve |
| Sellers(s) |
Audax Private Equity
Oaktree Capital Management |
| Deal Type | Secondary Buyout |
| Deal Value | 460M USD |
| Advisor(s) | UBS Investment Bank (Financial) Kirkland & Ellis Calfee, Halter & Griswold (Legal) |
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| Category | Private Equity Firm |
|---|---|
| Founded | 1983 |
| PE ASSETS | 32.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
First Reserve is a specialist private equity firm focused on investments in energy companies. First Reserve targets equity investments of $50 to $500 million in companies valued from $100 million to $10 billion. Target areas of interest within the energy industry include energy manufacturing and services (drilling service providers and wellhead equipment manufacturers), energy infrastructure, energy reserves, renewable energy and alternative fuels, and energy related insurance and financial products. First Reserve was established in 1983 and is based in Stamford, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 30 of 109 |
| Sector (Machinery) | 1 of 1 |
| Type (Secondary Buyout) | 1 of 10 |
| State (Georgia) | 2 of 3 |
| Country (United States) | 24 of 73 |
| Year (2005) | 6 of 7 |
| Size (of disclosed) | 7 of 13 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-10-16 |
Columbia Natural Resources
Charleston, West Virginia, United States Columbia Natural Resources is engaged primarily in the exploration and production of natural gas in the Appalachian Basin. Columbia is the second largest independent natural gas producer in the Appalachian Basin and the 25th largest in the U.S. Columbia owns oil and natural gas properties in West Virginia, Kentucky, Virginia, Tennessee, New York, Ohio, Pennsylvania, Michigan and Maryland. |
Sell | $2.2B |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-11-30 |
Cobalt International Energy
Houston, Texas, United States Cobalt International Energy, Inc. is an oil and gas exploration and development company focused on pursuing niche opportunities in the Deepwater Gulf of Mexico and offshore international areas. Cobalt's strategy is to utilize its regional expertise along with advanced technology to identify and develop meaningful reserve targets in select offshore ventures. Cobalt International Energy is based in Houston, Texas. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1999 |
| PE ASSETS | 19.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Audax Private Equity is a private equity firm focused on acquiring control positions in a variety of mid to large North American headquartered companies. The Firm segments its activities into lower middle-market and larger scale investing. Within its larger group, Audax targets profitable businesses valued up to $800 million and within its lower middle-market group, the Firm seeks companies valued up to $125 million. Sectors of interest include business services, consumer products/services, financial services, healthcare services, industrial services, software, and technology. Audax has a special interest in businesses that can benefit from a buy and build investment strategy for growth. Audax Private Equity was formed in 1999 and is based in Boston, Massachusetts.
| DEAL STATS | # |
|---|---|
| Overall | 4 of 102 |
| Sector (Machinery) | 1 of 5 |
| Type (Secondary Buyout) | 2 of 55 |
| State (Georgia) | 1 of 1 |
| Country (United States) | 4 of 97 |
| Year (2005) | 2 of 2 |
| Size (of disclosed) | 7 of 21 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-08-25 |
Victor Oolitic Stone
Bloomington, Indiana, United States Victor Oolitic Stone Co. provides quarry blocks and slabs to cut stone fabricators as well as ready-to-use sawed-four-sides and sawed-six-sides sills, hearths, mantels, and coping material to brick and masonry supply yards. Victor Oolitic Stone Co. was founded in 1898 and is based in Bloomington, Indiana. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-02-16 |
Broadcast Electronics
Quincy, Illinois, United States Broadcast Electronics, Inc. is a provider of equipment and software solutions to the radio broadcast market. |
Buy | $100M |
Oaktree Capital Management LLP is a global alternative investment firm with a variety of investment strategies spanning corporate debt, convertible securities, distressed debt, control investing, real estate, and public investing. The Firm's control investing group is spread across several disciplines, including Global Principal, European Principal, Power, and Infrastructure. Oaktree was formed in 1995 and is based in Los Angeles.
| DEAL STATS | # |
|---|---|
| Overall | 11 of 77 |
| Sector (Machinery) | 1 of 2 |
| Type (Secondary Buyout) | 2 of 23 |
| State (Georgia) | 2 of 4 |
| Country (United States) | 9 of 53 |
| Year (2005) | 3 of 3 |
| Size (of disclosed) | 6 of 17 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2005-06-01 |
American Ref-Fuel
Montvale, New Jersey, United States American Ref-Fuel Co. LLC is a waste-to-energy business is operated through subsidiaries whose equity is held by two separate entities, MSW Energy Holdings LLC (MSW I) and MSW Energy Holdings II LLC (MSW II) |
Sell | $740M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2006-01-01 |
Stock Polska sp. z o.o.
Warsaw, Poland Stock Polska sp. z o.o. is a beverages company. |
Buy | - |
