M&A Deal Summary |
|
|---|---|
| Date | 2015-08-31 |
| Target | North Dakota gathering system |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Ares Private Equity Group |
| Sellers(s) | WPX Energy |
| Deal Type | Divestiture |
| Deal Value | 185M USD |
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| Category | Private Equity Firm |
|---|---|
| Founded | 2003 |
| PE ASSETS | 20.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.
| DEAL STATS | # |
|---|---|
| Overall | 57 of 98 |
| Sector (Oil/Gas Exploration) | 4 of 4 |
| Type (Divestiture) | 3 of 6 |
| State (North Dakota) | 1 of 2 |
| Country (United States) | 49 of 82 |
| Year (2015) | 4 of 7 |
| Size (of disclosed) | 16 of 20 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-06-29 |
Cast & Crew
Burbank, California, United States Cast & Crew is a provider of software and services to the entertainment production industry. Cast & Crew's software products and services assist in the areas of payroll & human resources, accounting & financial, and workflow & productivity. Cast & Crew was founded in 1976 and is based in Burbank, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-09-28 |
Valet Living
Tampa, Florida, United States Valet Living is a provider of doorstep collection and recycling services, and also full-service amenities provider to the multifamily industry. Valet Living was founded in 1995 and is based in Tampa, Florida. |
Buy | - |
| Category | Company |
|---|---|
| Founded | 1983 |
| Sector | Oil/Gas Exploration |
| Employees | 590 |
| Revenue | 2.4B USD (2019) |
WPX Energy is an exploration and production company focused on developing its significant natural gas, natural gas liquids, and oil reserves, particularly in the Piceance Basin, Bakken Shale, and Marcellus Shale. WPX Energy was founded in 1983 and is based in Tulsa, Oklahoma.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 4 |
| Sector (Oil/Gas Exploration) | 1 of 2 |
| Type (Divestiture) | 1 of 3 |
| State (North Dakota) | 1 of 2 |
| Country (United States) | 1 of 4 |
| Year (2015) | 1 of 2 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-08-17 |
RKI Exploration & Production
Oklahoma City, Oklahoma, United States RKI Exploration & Production LLC is an independent exploration and production company. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-11-20 |
WPX Energy - Van Hook Gathering System
North Dakota, United States WPX Energy - Van Hook Gathering System consists of pipeline systems that currently gather approximately 11,000 barrels of oil, 6,500 million cubic feet of natural gas, |
Sell | $185M |
