M&A Deal Summary

DCP Midstream Acquires Momentum Energy Group

On August 29, 2007, DCP Midstream acquired oil/gas exploration company Momentum Energy Group from Ridgemont Equity Partners for 635M USD

Acquisition Highlights
  • This is DCP Midstream’s 1st transaction in the Oil/Gas Exploration sector.
  • This is DCP Midstream’s largest (disclosed) transaction.
  • This is DCP Midstream’s 1st transaction in the United States.
  • This is DCP Midstream’s 1st transaction in Texas.

M&A Deal Summary

Date 2007-08-29
Target Momentum Energy Group
Sector Oil/Gas Exploration
Buyer(s) DCP Midstream
Sellers(s) Ridgemont Equity Partners
Deal Type Add-on Acquisition
Deal Value 635M USD

Target

Momentum Energy Group

Houston, Texas, United States
Developer and operator of midstream natural gas gathering systems in the Barnett Shale in Texas and in western Colorado. Capital Investors provided equity in a growth financing to fund pipeline and processing systems.

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Buyer(S) 1

Buyer

DCP Midstream

Denver, Colorado, United States

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

DCP Midstream is a provider of natural gas gatherers and processors, and natural gas liquids (NGLs) producer. DCP Midstream operates in 16 states across the five largest natural gas producing regions in the United States. DCP Midstream is based in Denver, Colorado.


DEAL STATS #
Overall 1 of 2
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Texas) 1 of 2
Country (United States) 1 of 2
Year (2007) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-01 Aspen Pipeline II

Houston, Texas, United States

Aspen Pipeline II LP is an Odessa fuels project, a natural gas pipeline in West Texas constructed to gather and deliver high nitrogen content natural gas to customers capable of directly burning the natural gas without nitrogen removal. Aspen Pipeline II was founded in 2008 and is based in Houston, Texas.

Buy -

Seller(S) 1

SELLER

Ridgemont Equity Partners

Charlotte, North Carolina, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ridgemont Equity Partners is an independent private equity firm specializing in middle-market buy-outs, corporate divestitures, recapitalizations and growth capital investments. The Firm targets to invest in companies located in North America, preferably in US and Canada. REP looks to invest up to $500 million in companies with EBIDTA of $5 - $50 million. The Firm seeks to hold both majority and minority equity interest in portfolio companies. Specific areas of interest include basin industries and services, energy, healthcare, telecommunications, media and technology. Ridgemont Equity Partners is a spun-off of Banc of America Capital Investors (BACI). Ridgemont Equity Partners was formed in August 2010 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 36 of 91
Sector (Oil/Gas Exploration) 2 of 6
Type (Add-on Acquisition) 18 of 36
State (Texas) 10 of 20
Country (United States) 31 of 80
Year (2007) 7 of 7
Size (of disclosed) 14 of 23
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-31 Validus Re

Pembroke, Bermuda

Validus Re is a provider of reinsurance and insurance, conducting its operations worldwide through two wholly-owned subsidiaries, Validus Reinsurance, Ltd. and Talbot Holdings Ltd. The company is a Bermuda-based reinsurer focused on short-tail lines of reinsurance. Talbot is the Bermuda parent of the specialty insurance group primarily operating within the Lloyd's insurance market through Syndicate 1183. Validus Re was founded in 2005 and is based in Pembroke.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-02-11 mydentist

Manchester, United Kingdom

mydentist is a provider of dental treatments for patients through a network of National Health Service(NHS). mydentist was founded in 1996 and is based in Manchester, United Kingdom.

Buy £300M