M&A Deal Summary

Prospect Capital Management Acquires Stryker Energy

On April 11, 2005, business development company Prospect Capital Management acquired oil/gas exploration company Stryker Energy

Acquisition Highlights
  • This is Prospect Capital Management’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Prospect Capital Management’s 4th transaction in the United States.
  • This is Prospect Capital Management’s 1st transaction in Ohio.

M&A Deal Summary
Date 2005-04-11
Target Stryker Energy
Sector Oil/Gas Exploration
Buyer(s) Prospect Capital Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Stryker Energy

Cleveland, Ohio, United States
Stryker Energy is a private company categorized under oil and gas exploration and development. Stryker Energy was founded in 2004 and is based in Cleveland, Ohio.

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Buyer(S) 1

Buyer

Prospect Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

Category Business Development Company
Founded 1988
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Prospect Capital Corporation is a publicly traded mezzanine debt and private equity firm that primarily provides non-control financing to support growth, recapitalizations, acquisitions, and development. Prospect will selectively consider control acquisitions by providing multiple levels of the capital structure. Prospect was initially formed in 1988 and went public 2004. The Firm is based in New York City.

DEAL STATS #
Overall 4 of 86
Sector (Oil/Gas Exploration) 1 of 6
Type (Buyout (LBO, MBO, MBI)) 4 of 42
State (Ohio) 1 of 6
Country (United States) 4 of 83
Year (2005) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-01 Energy Solutions Holdings

Longview, Texas, United States

Energy Solutions Holdings Inc. (Formerly Gas Solutions Holdings Inc.) ('Gas Solutions') operates a major gas gathering system in the East Texas field in Gregg, Upshur, and Rusk Counties. The system gathers both casinghead gas from the East Texas oil field as well as gas well gas from the Travis Peak and Cotton Valley gas formations. Gas Solutions also operates two gas processing facilities in Longview and Chapel Hill . GasSolutions provides compression, processing, and other services to oil and gas producers in the region. The processing plants produce several natural gas liquids, including ethane, propane, isobutene, n-butane, and natural gasoline.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-06-01 Borga

Fowler, California, United States

Borga, Inc. manufactures steel buildings and components for the Commercial, Industrial, Agricultural and Residential markets.

Buy -
Mergr

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