M&A Deal Summary

Capital Group Private Markets Acquires Constellation

On June 1, 2010, private equity firm Capital Group Private Markets acquired oil/gas exploration company Constellation

Acquisition Highlights
  • This is Capital Group Private Markets’ 2nd transaction in the Oil/Gas Exploration sector.
  • This is Capital Group Private Markets’ 2nd transaction in Brazil.

M&A Deal Summary

Date 2010-06-01
Target Constellation
Sector Oil/Gas Exploration
Buyer(s) Capital Group Private Markets
Deal Type Buyout (LBO, MBO, MBI)

Target

Constellation

Rio de Janeiro, Brazil
Constellation is a Brazilian offshore drilling services company that owns and operates six ultra-deepwater drilling rigs, one deepwater, one midwater rig, and nine onshore drilling rigs, and holds investments in five floating production, storage, and offloading (FPSO) vessels. Constellation is based in Rio de Janeiro.

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Buyer(S) 1

Buyer
DESCRIPTION

Capital Group Private Markets is the direct investment arm of asset manager Capital Group. Capital Group Private Markets pursues expansion stage company investments in emerging markets with a focus on companies that locally dominate their respective markets. Capital Group Private Markets generally seeks minority positions, but will consider select control situations as well. Capital Group Private Markets was formed in 1992 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 4 of 17
Sector (Oil/Gas Exploration) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 3 of 5
Country (Brazil) 2 of 3
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-01 O Telhar

Sao Paulo, Brazil

O Telhar is an institutional manager of farmland, producing oilseeds (soybean) and grains (corn, wheat) on owned and leased agricultural land in Brazil.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-01 Eaton Towers

London, United Kingdom

Eaton Towers is a high-growth pan-African telecom tower management company that provides the shared site and tower services for telecom network operators by acquiring, building, and maintaining passive telecommunications infrastructure assets. Eaton Towers was founded in 2008 and is based in London, United Kingdom.

Buy -