Buyout (LBO, MBO, MBI) • Oil/Gas Exploration

EIG Partners Acquires Repsol Upstream

On March 2, 2023, asset manager EIG Partners acquired oil/gas exploration company Repsol Upstream

Acquisition Context
  • This is EIG Partners’ 20th transaction in the Oil/Gas Exploration sector.
  • This is EIG Partners’ 34th transaction in the United States.

Explore All 526 Buyout (LBO, MBO, MBI) Oil/Gas Exploration Deals - Search the Database Free


M&A Deal Summary

Date March 2, 2023
Target Repsol Upstream
Sector Oil/Gas Exploration
Buyer(s) EIG Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Repsol Upstream

United States
Repsol Upstream is a gas-weighted exploration & production company comprising Repsol’s entire global upstream oil and gas business. Repsol Upstream owns and operates Repsol’s globally diversified portfolio of upstream assets.
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Buyer Overview 1

Buyer

EIG Partners

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1982
PE ASSETS 39.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

EIG Global Energy Partners specializes in private investments in energy and energy-related infrastructure around the world. Specific areas of interest include upstream oil and gas, midstream, power generation, renewables, and related infrastructure. EIG manages a variety of funds that provide hybrid debt and structured equity financing solutions to energy projects and companies. The Firm also offers credit/direct lending vehicles that target higher credit-quality project finance instruments. EIG Global Energy Partners is headquartered in Washington, District of Columbia.


Deal Context for Buyer #
Overall 54 of 55
Sector: Oil/Gas Exploration 20 of 21
Type: Buyout (LBO, MBO, MBI) 27 of 28
Country: United States 34 of 34
Year: 2023 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-22 Sitio Royalties

Denver, Colorado, United States

Sitio Royalties acquires, owns, and manages mineral and royalty interests across a diverse set of operators in unconventional basins within the United States with a specific focus on the Permian Basin. Sitio Royalties was formed in 2016 and is headquartered in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-11 CrownRock

Midland, Texas, United States

CrownRock is an independent oil and natural gas company engaged in the acquisition, development, exploitation and exploration of oil and natural gas properties. CrownRock operations are primarily focused on the development of its core Permian Basin assets. CrownRock was founded in 2007 and is based in Midland, Texas.

Sell $12.0B