M&A Deal Summary

RSP Permian Acquires Silver Hill Energy Partners

On October 13, 2016, RSP Permian acquired oil/gas exploration company Silver Hill Energy Partners from Kayne Anderson Capital Advisors for 2.4B USD

Acquisition Highlights
  • This is RSP Permian’s 1st transaction in the Oil/Gas Exploration sector.
  • This is RSP Permian’s largest (disclosed) transaction.
  • This is RSP Permian’s 1st transaction in the United States.
  • This is RSP Permian’s 1st transaction in Texas.

M&A Deal Summary

Date 2016-10-13
Target Silver Hill Energy Partners
Sector Oil/Gas Exploration
Buyer(s) RSP Permian
Sellers(s) Kayne Anderson Capital Advisors
Deal Type Add-on Acquisition
Deal Value 2.4B USD
Advisor(s) Jefferies LLC (Financial)
Thompson & Knight LLP
DLA Piper (Legal)

Target

Silver Hill Energy Partners

Dallas, Texas, United States
website
Silver Hill Energy Partners LLC is an exploration and production company, that focuses on oil and gas acquisition and development opportunities, primarily in the Permian Basin, Mid-Continent and Rocky Mountain regions.

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Buyer(S) 1

Buyer

RSP Permian

Dallas, Texas, United States

website


Category Company
Founded 2010
Sector Oil/Gas Exploration
Employees180
Revenue 804M USD (2017)
DESCRIPTION

RSP Permian, Inc. is an independent oil and natural gas company focused on the acquisition, exploration, development and production of unconventional oil and associated liquids-rich natural gas reserves in the Permian Basin of West Texas.


DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Kayne Anderson Capital Advisors

Los Angeles, California, United States

Investor Investor Investor Investor Investor

website


Category Asset Manager
Founded 1984
PE ASSETS 8.6B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kayne Anderson Capital Advisors is an alternative investment management firm focused on hedge funds, public funds, energy private equity, growth private equity, real estate private equity, and mezzanine finance opportunities. Kayne's energy private equity group focuses on $20 to $100 million investments in high-growth exploration and production, midstream and oilfield service companies. The energy group considers both majority or minority stakes in public and private businesses. Kayne's growth private equity practice involves structured investments in public and private companies looking for capital to finance expansion. This group will also consider middle-market leveraged transactions and management buyouts. Kayne's real estate private equity group invests in established, cash-flow generating projects. Areas of interest include student housing and campus-oriented retail properties, amongst other opportunistic investments. The Group looks for acquisitions of $25 to $100 million. Kayne's mezzanine team looks to provide $20 to $35 million of capital for mid-market businesses with $100 to $500 million of sales and $10 to $50 million of EBITDA. Kayne Capital Advisors was formed in 1984 and is based in Los Angeles with additional offices in Armonk, New York; New York City, and Houston.


DEAL STATS #
Overall 38 of 75
Sector (Oil/Gas Exploration) 24 of 40
Type (Add-on Acquisition) 16 of 29
State (Texas) 16 of 30
Country (United States) 31 of 67
Year (2016) 9 of 13
Size (of disclosed) 1 of 13
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