Investment Summary

Exits Common Resources II

On August 1, 2012, invested in oil/gas exploration company Common Resources II from Pine Brook Partners and EnCap Investments for 214M USD

Investment Highlights
  • This is transaction in the Oil/Gas Exploration sector.
  • This is largest (disclosed) transaction.
  • This is transaction in the United States.
  • This is transaction in Texas.

Investment Summary

Date 2012-08-01
Target Common Resources II
Sector Oil/Gas Exploration
Sellers(s) Pine Brook Partners
EnCap Investments
Deal Type Trade Sale - Public Company
Deal Value 214M USD

Target

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.

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Seller(S) 2

SELLER

Pine Brook Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 2006
PE ASSETS 6.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Pine Brook Road Partners is a private equity group focused on growth capital investments in the energy and financial services sectors. Specific areas of interest within the energy sector include exploration, oilfield services, transportation/storage, power generation/distribution/transmission, and biofuel/renewable resources. Specific areas of interest within financial services include insurance, banks, asset management, specialty finance, and servicing/distribution/origination. Pine Brook generally acts as the lead/control investor in newly-formed or established businesses. The Firm has a special interest in 'underappreciated or overlooked' opportunities. Pine Brook Road Partners was formed in 2006 and is based in New York City.


DEAL STATS #
Overall 4 of 24
Sector (Oil/Gas Exploration) 3 of 9
Type (Trade Sale - Public Company) 2 of 5
State (Texas) 4 of 13
Country (United States) 4 of 19
Year (2012) 1 of 1
Size (of disclosed) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 SiriusPoint

Pembroke, Bermuda

SiriusPoint is a provider of various specialty property and casualty reinsurance products. SiriusPoint was founded in 2011 and is based in Pembroke, Bermuda.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-09 Common Resources III

The Woodlands, Texas, United States

Common Resources III is an independent oil and gas company focused on developing domestic unconventional oil and gas assets.

Buy $413M
SELLER

EnCap Investments

Houston, Texas, United States

Investor Investor Investor Investor Investor

website


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 33 of 47
Sector (Oil/Gas Exploration) 33 of 45
Type (Trade Sale - Public Company) 8 of 10
State (Texas) 24 of 35
Country (United States) 33 of 46
Year (2012) 4 of 6
Size (of disclosed) 21 of 27
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-01 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-09 Common Resources III

The Woodlands, Texas, United States

Common Resources III is an independent oil and gas company focused on developing domestic unconventional oil and gas assets.

Buy $413M