Buyout (LBO, MBO, MBI) • Oil/Gas Exploration

ArcLight Capital Partners Acquires Element Petroleum III

On September 10, 2015, infrastructure investor ArcLight Capital Partners acquired oil/gas exploration company Element Petroleum III for 200M USD

Acquisition Context
  • This is ArcLight Capital Partners’ 21st transaction in the Oil/Gas Exploration sector.
  • This is ArcLight Capital Partners’ 7th largest (disclosed) transaction.
  • This is ArcLight Capital Partners’ 70th transaction in the United States.
  • This is ArcLight Capital Partners’ 21st transaction in Texas.

Explore All 526 Buyout (LBO, MBO, MBI) Oil/Gas Exploration Deals - Search the Database Free


M&A Deal Summary

Date September 10, 2015
Target Element Petroleum III
Sector Oil/Gas Exploration
Buyer(s) ArcLight Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 200M USD

Target Company

Element Petroleum III

Midland, Texas, United States
Element Petroleum III LLC is an oil and gas exploration and production company.
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Buyer Overview 1

Buyer

ArcLight Capital Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Infrastructure
Founded 2001
PE ASSETS 20.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

ArcLight Capital Partners is private equity firm that invests in energy assets and businesses. Specific areas of interest include power generation; oil, natural gas, coal extraction and production; midstream gathering, processing, storage and transportation of oil, natural gas, coal; energy transportation; and energy distribution companies. ArcLight's geographic coverage includes opportunities across North America, Western Europe, and Australia/New Zealand. ArcLight was formed in 2001 and has offices in Boston and Luxembourg.


Deal Context for Buyer #
Overall 83 of 102
Sector: Oil/Gas Exploration 21 of 25
Type: Buyout (LBO, MBO, MBI) 24 of 27
State: Texas 21 of 25
Country: United States 70 of 87
Year: 2015 2 of 3
Size (of disclosed) 7 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-09-01 Terra-Gen

New York, New York, United States

Terra-Gen is a renewable energy company focused on geothermal, wind and solar generation. Terra-Gen owns 744 MW (net equity) in 18 operating renewable energy projects across the Western United States. Terra-Gen was founded in 2007 and is based in New York City.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-21 Michigan Power

Ludington, Michigan, United States

Michigan Power LP LLC is a fully contracted 125 MW natural gas-fired generation plant. Michigan Power was founded in 1992 and is based in Ludington, Michigan.

Sell -