M&A Deal Summary

Post Oak Energy Capital and Quantum Energy Partners Acquire LINN Energy

On March 1, 2003, private equity firms Post Oak Energy Capital and Quantum Energy Partners acquired oil/gas exploration company LINN Energy

Acquisition Highlights
  • This is Post Oak Energy Capital’s 1st and Quantum Energy Partners’ 12th transaction in the Oil/Gas Exploration sector.
  • This is Post Oak Energy Capital’s 1st and Quantum Energy Partners’ 9th transaction in the United States.
  • This is Post Oak Energy Capital’s 1st and Quantum Energy Partners’ 5th transaction in Texas.
Investment Fate
  • LINN Energy went public in 2006.

M&A Deal Summary

Date 2003-03-01
Target LINN Energy
Sector Oil/Gas Exploration
Buyer(s) Post Oak Energy Capital
Quantum Energy Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

LINN Energy

Houston, Texas, United States
LINN Energy's corporate headquarters in Houston, Texas.
LINN Energy's corporate headquarters in Houston, Texas.
LINN Energy acquires, develops and maximizes cash flow from a portfolio of oil and natural gas assets. LINN Energy is an independent oil and natural gas company with properties located in the United States. LINN's portfolio includes assets in the Hugoton Basin, the Rockies, California, east Texas and north Louisiana, the Mid-Continent, Michigan/Illinois, the Permian Basin, and south Texas. LINN Energy was formed in 2003 and is based in Houston, Texas. On May 11, 2016, LINN Energy filed for bankruptcy.

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Buyer(S) 2

Buyer

Post Oak Energy Capital

Houston, Texas, United States

Investor Investor Investor


Category Private Equity Firm
Founded 2006
Size Middle-Market
Type Sector Focused
DESCRIPTION

Post Oak Energy Capital is a private investment firm focused on growth capital investments US energy companies. Specific areas of interest include exploration and production, oilfield services (manufacturing/distribution), and midstream/related infrastructure assets. Post Oak Energy Capital is based in Houston, Texas.


DEAL STATS #
Overall 1 of 32
Sector (Oil/Gas Exploration) 1 of 25
Type (Buyout (LBO, MBO, MBI)) 1 of 9
State (Texas) 1 of 23
Country (United States) 1 of 32
Year (2003) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-01-01 SandRidge Energy

Oklahoma City, Oklahoma, United States

SandRidge Energy is an oil exploration and production company. SandRidge’s drilling activities are focused on its oil properties in the Mid-Continent and Permian Basin. SandRidge Energy was founded in 2006 and is based in Oklahoma City.

Buy -
Buyer

Quantum Energy Partners

Houston, Texas, United States


Category Private Equity Firm
Founded 1998
PE ASSETS 17.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Quantum Energy Partners is a specialist private equity firm focused on investments within the energy sector. Quantum's primary focus is on opportunities within the oil and gas upstream and midstream sectors, however, the Firm will also consider investments in oil field services and equipment, coal, power generation and transmission, and renewable/alternative energy. Quantum's target investment size is $100 to $400 million. Quantum invests in start-ups as well as established companies needing expansion capital. Quantum Energy Partners was formed in 1998 and is headquartered in Houston, Texas.


DEAL STATS #
Overall 13 of 90
Sector (Oil/Gas Exploration) 12 of 59
Type (Buyout (LBO, MBO, MBI)) 13 of 63
State (Texas) 5 of 50
Country (United States) 9 of 79
Year (2003) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2002-07-23 Aspect Resources

Denver, Colorado, United States

Aspect Resources, LLC ('Aspect'). Aspect was an exploration and production company based in Denver, Colorado that was primarily focused on growing its reserve base through exploration in southwestern Louisiana and the upper Texas Gulf Coast.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-06-01 Denali Oil & Gas Partners

Houston, Texas, United States

Denali Oil & Gas Partners was formed to concentrate primarily on exploiting tight gas reservoirs in south Texas and north Louisiana.

Buy -