M&A Deal Summary

EnCap Investments Acquires Novo Oil & Gas

On January 1, 2016, growth capital firm EnCap Investments acquired oil/gas exploration company Novo Oil & Gas

Acquisition Highlights
  • This is EnCap Investments’ 90th transaction in the Oil/Gas Exploration sector.
  • This is EnCap Investments’ 89th transaction in the United States.
  • This is EnCap Investments’ 6th transaction in Oklahoma.

M&A Deal Summary
Date 2016-01-01
Target Novo Oil & Gas
Sector Oil/Gas Exploration
Buyer(s) EnCap Investments
Deal Type Buyout (LBO, MBO, MBI)

Target

Novo Oil & Gas

Oklahoma City, Oklahoma, United States
Novo Oil & Gas is an exploration and production company focused on the pursuit of proven, liquids-rich unconventional assets within various onshore U.S basins. Novo Oil & Gas is based in Oklahoma City, Oklahoma.

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Buyer(S) 1

Buyer

EnCap Investments

Houston, Texas, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1988
PE ASSETS 38.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

EnCap Investments is a private equity firm focused on the US energy sector. EnCap specifically looks for upstream and midstream opportunities within the oil and gas industry. EnCap generally partners with seasoned management when pursuing investments. EnCap Investments has offices in Dallas and Houston.

DEAL STATS #
Overall 91 of 109
Sector (Oil/Gas Exploration) 90 of 105
Type (Buyout (LBO, MBO, MBI)) 52 of 63
State (Oklahoma) 6 of 8
Country (United States) 89 of 107
Year (2016) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 Grayson Mill Energy

Houston, Texas, United States

Grayson Mill Energy is an exploration and production company focused on the acquisition and development of oil and gas assets within various U.S. unconventional resource plays. Grayson Mill Energy is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-12 Plains All American

Houston, Texas, United States

Plains All American is a provider of oil pipeline transportation, marketing, and storage business. The company engages in the transportation, storage, terminalling and marketing of crude oil, refined products, and liquefied petroleum gas and other natural gas-related petroleum products. Plains All American was founded in 1998 and is based in Houston, Texas.

Buy -
Mergr

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