EIG Partners Mergers and Acquisitions Summary

Asset Manager Profile

In the last 3 years, EIG Partners has acquired 6 companies. It has also invested in 4 others.

EIG Partners’ most common sectors for investment areoil/gas exploration (39%) and energy services and equipment (31%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (51%) and stake purchase (30%). In total, EIG Partners has invested in 11 US states and 9 different countries. Its largest (disclosed) acquisition occurred in 2023 when it acquired Ocyan Participacoes S.A. for $390M.

In the last 3 years, EIG Partners has exited 6 companies. The Firm’s most common exit type is trade sale (46%). EIG Partners’ largest (disclosed) exit occurred in 2023 when it sold CrownRock for $12.0B.

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M&A Summary

  • M&A Total Activity66
    • M&A Buy Activity55
    • M&A Sell Activity11
  • Total Sectors Invested 5
  • Total Countries Invested 9
  • M&A Buy/Sell Connections 24
  • M&A Advisors 10

EIG Partners

EIG Global Energy Partners

600 New Hampshire Avenue NW, Suite 1200,
Washington, District of Columbia 20037
United States
(202) 600-3300
www.eigpartners.com
investorrelations@eigpartners.com

EIG Global Energy Partners specializes in private investments in energy and energy-related infrastructure around the world. Specific areas of interest include upstream oil and gas, midstream, power generation, renewables, and related infrastructure. EIG manages a variety of funds that provide hybrid debt and structured equity financing solutions to energy projects and companies. The Firm also offers credit/direct lending vehicles that target higher credit-quality project finance instruments. EIG Global Energy Partners is headquartered in Washington, District of Columbia.


Investment Criteria

Sectors of Interest: Energy Services and Equipment, Oil/Gas Exploration, Renewable Energy

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Special Situations/Distressed, Acquisition Financing, Secondary Buyout, Stake Purchase, Joint Venture

Geographic Preferences: East US, Midwest US, South US, West US, Canada, United Kingdom, Western Europe, Eastern Europe, Nordic, Asia/Pacific, Australia/New Zealand, Central Asia/India, Middle East

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (2.8/yr) # 41 4 4 4 2 - 55
vol $220M $390M $610M
Sell (1.2/yr) # 5 - 1 2 1 2 11
vol $63M $543M $12.0B $9.4B $22.0B
  66

Most Recent M&A

Company Date Value Type
SilverBow Resources, Inc. 2024-05-16 2.1B USD Divestiture
Houston, Texas · www.sbow.com
NuStar Energy LP 2024-01-22 7.3B USD Trade Sale
San Antonio, Texas · www.nustarenergy.com
Ocyan Participacoes S.A. 2023-12-28 390M USD Buyout (LBO, MBO, MBI)
Rio de Janeiro, Brazil · www.ocyan-sa.com
CrownRock L.P. 2023-12-11 12.0B USD Trade Sale
Midland, Texas · www.crownrocklp.com
Repsol Upstream 2023-03-02 - Buyout (LBO, MBO, MBI)
, United States
Sitio Royalties Corp. 2022-09-22 - Stake Purchase
Denver, Colorado · www.sitio.com
Wattbridge Energy 2022-07-08 - Buyout (LBO, MBO, MBI)
Houston, Texas · www.wattbridge.info
Elba Liquefaction Co. LLC 2022-05-20 - Stake Sale
Savannah, Georgia
Great Western Petroleum LLC 2022-05-06 543M USD Trade Sale
Denver, Colorado · www.greatwesternpetroleum.com
HIF Global 2022-04-06 - Buyout (LBO, MBO, MBI)
Santiago, Chile · www.hifglobal.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
FourPoint Energy LLC 2014-01-30 Ovintiv - Uinta Basin assets 2024-11-14 1
Denver, Colorado · www.fourpointenergy.com , United States
Maverick Natural Resources LLC 2018-04-12 ConocoPhillips - Permian Basin 2022-01-28 1
Houston, Texas · www.mavresources.com Houston, Texas

M&A by Sector

Sector Current # Value All-time # Value
Oil/Gas Exploration 14 (45%) 390M (100%) 21 (38%) 390M (64%)
Energy Services and Equipment 9 (29%) - 17 (31%) 220M (36%)
Renewable Energy 7 (23%) - 14 (25%) -
Metals/Mining - - 2 (4%) -
Marine 1 (3%) - 1 (2%) -
Total 31 $390M 55 $610M

Acquisitions By Geo

State/Country Current # Value All-time # Value
United States 19 (61%) - 34 (62%) 220M (36%)
  Texas 9 (29%) - 16 (29%) 220M (36%)
  Colorado 4 (13%) - 6 (11%) -
  Oklahoma 2 (6%) - 3 (5%) -
  Pennsylvania - - 2 (4%) -
  West Virginia 1 (3%) - 1 (2%) -
  North Carolina 1 (3%) - 1 (2%) -
  New York 1 (3%) - 1 (2%) -
  North Dakota - - 1 (2%) -
  Illinois - - 1 (2%) -
  Georgia - - 1 (2%) -
Brazil 3 (10%) 390M (100%) 4 (7%) 390M (64%)
Canada 2 (6%) - 4 (7%) -
  Alberta 1 (3%) - 2 (4%) -
  Quebec 1 (3%) - 1 (2%) -
  Ontario - - 1 (2%) -
Chile 2 (6%) - 4 (7%) -
United Kingdom 2 (6%) - 3 (5%) -
Spain 1 (3%) - 3 (5%) -
Germany 1 (3%) - 1 (2%) -
Saudi Arabia 1 (3%) - 1 (2%) -
Australia - - 1 (2%) -
Total 31 $390M 55 $610M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 15 (48%) 390M (100%) 28 (51%) 390M (64%)
Stake Purchase 8 (26%) - 16 (29%) -
Growth Capital 4 (13%) - 4 (7%) -
Divestiture 1 (3%) - 2 (4%) 220M (36%)
Joint Venture 1 (3%) - 2 (4%) -
PIPE 1 (3%) - 1 (2%) -
Special Situations/Distressed 1 (3%) - 1 (2%) -
Venture - - 1 (2%) -
Total 31 $390M 55 $610M

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 5 (45%) 19.9B (90%)
Stake Sale 2 (18%) -
Divestiture 1 (9%) 2.1B (10%)
Bankruptcy 1 (9%) -
IPO 1 (9%) -
Secondary Sale 1 (9%) -
Total 11 $22.0B

Top M&A Advisors

Financial Deals
HSBC Global Banking and Markets
 1
Santander Corporate & Investment Banking
 1
Citi
 1
Legal Deals
White & Case
 3
Stocche Forbes
 2
Kirkland & Ellis
 1

Deal Values

buy # Total
$100M to $1B 2 $610M
TOTAL $610M
Largest Ocyan Participacoes S.A.
$390M (2023-12-28)
sell # Total
> $1B 3 $21.4B
$100M to $1B 1 $543M
< $100M 2 $63M
TOTAL $22.0B
Largest CrownRock L.P.
$12.0B (2023-12-11)

M&A Connections

Deals
Acquired from
Investor(s)
4%
2 (4%)
Strategic(s)
11%
6 (11%)
Exited to
Investor(s)
18%
2 (18%)
Strategic(s)
64%
7 (64%)

Investor Summary

Investor Type

Asset Manager

Size

Mega

PE Assets

39.0B USD

Established

1982

Specialist/Generalist

Specialist

Leadership

R. Blair Thomas

Chairman & CEO

Austin Pearson

Managing Director

Barton Lee

Managing Director

Benjamin Vinocour

Managing Director

De la Rey Venter

Managing Director

FAQ

When was EIG Partners founded?

EIG Partners was founded in 1982.

What type of investor is EIG Partners?

EIG Partners is an asset manager.

Where is EIG Partners headquartered?

EIG Partners is headquartered in Washington, District of Columbia.

How much capital does EIG Partners have under management?

EIG Partners has 39.0B USD under management.

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