M&A Deal Summary |
|
|---|---|
| Date | 2015-11-20 |
| Target | WPX Energy - Van Hook Gathering System |
| Sector | Energy Services and Equipment |
| 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 | 60 of 98 |
| Sector (Energy Services and Equipment) | 2 of 4 |
| Type (Divestiture) | 4 of 6 |
| State (North Dakota) | 2 of 2 |
| Country (United States) | 52 of 82 |
| Year (2015) | 7 of 7 |
| Size (of disclosed) | 16 of 20 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-10-14 |
LendingPoint
Kennesaw, Georgia, United States LendingPoint is a provider of direct lending services online. LendingPoint offers a fairer lending environment by helping fair credit consumers unlock access to affordable loans. LendingPoint was founded in 2014 and is based in Kennesaw, Georgia. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-04-05 |
Insight Global
Atlanta, Georgia, United States Insight Global is a provider of employment solutions to Fortune 500 customers across the United States and Canada. Insight Global provides long-term, short-term, temporary-to-permanent, placement staffing, and enhanced staffing services. Insight Global was founded in 2001 and is based in Atlanta, Georgia. |
Sell | - |
| 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 | 2 of 4 |
| Sector (Energy Services and Equipment) | 1 of 2 |
| Type (Divestiture) | 2 of 3 |
| State (North Dakota) | 2 of 2 |
| Country (United States) | 2 of 4 |
| Year (2015) | 2 of 2 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2015-08-31 |
North Dakota gathering system
Williston Basin, North Dakota, United States
|
Sell | $185M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-02-09 |
WPX Energy Rocky Mountain
Denver, Colorado, United States WPX Energy Rocky Mountain LLC is a operator of federal, state, and private oil and gas leases, wells, and associated facilities. |
Sell | - |
