Investment Summary

Exits H&M Oil & Gas

On April 30, 2012, invested in oil/gas exploration company H&M Oil & Gas from Prospect Capital Management

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

Investment Summary
Date 2012-04-30
Target H&M Oil & Gas
Sector Oil/Gas Exploration
Sellers(s) Prospect Capital Management
Deal Type Bankruptcy

Target

H&M Oil & Gas

Longview, Texas, United States
H&M is an oil and gas production and development company focused on Texas. H&M has approximately 8,000 acres under lease in the Spraberry and Wolfcamp trend in Martin County in West Texas. H&M is led by David Jones, who has more than two decades of experience as a general manager in the oil and gas industry. H&M is majority owned and controlled by a private equity sponsor in Chicago.

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Seller(S) 1

SELLER

Prospect Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor

website

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 12 of 46
Sector (Oil/Gas Exploration) 1 of 1
Type (Bankruptcy) 2 of 2
State (Texas) 3 of 6
Country (United States) 12 of 45
Year (2012) 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-28 Regional Management

Greer, South Carolina, United States

Regional Management is a diversified specialty consumer finance company providing a broad array of loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other traditional lenders. Regional Management was founded in 1987 and is based in Greer, South Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-27 Arctic Glacier

Winnipeg, Manitoba, Canada

Arctic Glacier is a producer, marketer and distributor of packaged ice, with a strong and loyal customer base across Canada and much of the northern, central and western United States.

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