Investment Summary

BlackRock Capital Investment and KKR Exits ADNOC Oil Pipelines

On April 4, 2024, invested in oil/gas exploration company ADNOC Oil Pipelines from BlackRock Capital Investment and KKR

Investment Highlights
  • This is transaction in the Oil/Gas Exploration sector.
  • This is transaction in United Arab Emirates.

Investment Summary

Date 2024-04-04
Target ADNOC Oil Pipelines
Sector Oil/Gas Exploration
Sellers(s) BlackRock Capital Investment
KKR
Deal Type Stake Sale

Target

ADNOC Oil Pipelines

Abu Dhabi, United Arab Emirates
ADNOC Oil Pipelines will lease ADNOC’s interest in 18 pipelines, transporting stabilized crude oil and condensate across ADNOC’s offshore and onshore upstream concessions, for a 23-year period. ADNOC Oil Pipelines is based in Abu Dhabi, United Arab Emirates.

Search 214,239 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Seller(S) 2

SELLER

BlackRock Capital Investment

New York, New York, United States

Investor Investor Investor Investor Investor


Category Business Development Company
Founded 2005
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

BlackRock Capital Investment is a publicly traded business development company (BDC) that provides middle-market companies with a variety of financing solutions. This includes senior and junior secured, unsecured and subordinated debt securities and loans, as well as equity. BlackRock Capital targets profitable companies with strong management and defensible market positions that may be underserved by traditional lending sources. The Firm looks to commit $10 to $50 million in businesses generating $10 to $50 million of EBITDA. BlackRock was formed in 2005 by BlackRock and Kelso & Company. The Firm has offices in New York City and Chicago.


DEAL STATS #
Overall 23 of 23
Sector: Oil/Gas Exploration M&A 2 of 2
Type: Stake Sale M&A Deals 1 of 1
Country: United Arab Emirates M&A 1 of 1
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-04 Crockett Cogeneration

Crockett, California, United States

Crockett Cogeneration is a 240 MW gas-fired cogeneration facility that sells capacity and energy to Pacific Gas and Electric Company and steam to C&H Sugar Company, Inc. pursuant to long-term contracts. Crockett Cogeneration was founded in 1996 and is based in Crockett, California.

Sell -
SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 199 of 215
Sector: Oil/Gas Exploration M&A 4 of 5
Type: Stake Sale M&A Deals 9 of 9
Country: United Arab Emirates M&A 1 of 1
Year: 2024 M&A 2 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-02 SunFire

Clifton, New Jersey, United States

SunFire is a SaaS technology company providing transformative and proven IT solutions and services to support the rapidly growing medicare market. SunFire is based in Clifton, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-08 Covenant Physician Partners

Nashville, Tennessee, United States

Covenant Physician Partners is an operator of ambulatory surgery centers, physician practices, and ancillary services with a particular focus on gastroenterology and ophthalmology end markets. Covenant Physician Partners was founded in 2008 and is based in Nashville, Tennessee.

Sell -