M&A Deal Summary

GNRI Manco and Natural Gas Partners Acquire Chrysaor Holdings

On November 2, 2007, private equity firms GNRI Manco and Natural Gas Partners acquired oil/gas exploration company Chrysaor Holdings for 100M GBP

Acquisition Highlights
  • This is GNRI Manco’s 1st and Natural Gas Partners’ 4th transaction in the Oil/Gas Exploration sector.
  • This is GNRI Manco’s 0th and Natural Gas Partners’ 2nd largest (disclosed) transaction.
  • This is GNRI Manco’s 2nd and Natural Gas Partners’ 1st transaction in the United Kingdom.

M&A Deal Summary

Date 2007-11-02
Target Chrysaor Holdings
Sector Oil/Gas Exploration
Buyer(s) GNRI Manco
Natural Gas Partners
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 100M GBP

Target

Chrysaor Holdings

London, United Kingdom
Chrysaor is an oil & gas company focusing on development and commercialisation of dormant discoveries in the UK North Sea and Atlantic Margin. Led by Phil Kirk, management has built a portfolio of three development opportunities. Chrysaor Holdings is based in London, United Kingdom.

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Buyer(S) 2

Buyer

GNRI Manco

London, United Kingdom

Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 3.0B USD
Size Large
Type Sector Focused
DESCRIPTION

GNRI Manco Ltd. (Global Natural Resource Investments) was formed by a management buyout of the former Barclays Natural Resource Investments private equity business from Barclays Bank PLC in October 2015. GNRI is focussed on the global natural resources sector, specifically on upstream oil and gas (excluding the US), mining, associated services and power. The Group has additional offices in Dubai, and Doha.


DEAL STATS #
Overall 3 of 22
Sector (Oil/Gas Exploration) 1 of 10
Type (Buyout (LBO, MBO, MBI)) 3 of 20
Country (United Kingdom) 2 of 6
Year (2007) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-04-01 INR
Energy

Richmond, Vermont, United States

INR Energy, is formed in 2007 to invest in all aspects of mining including coal and industrial minerals mining operations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-27 Enhance Energy

Calgary, Alberta, Canada

Enhance Energy specializes in environmentally friendly secondary and tertiary oil and gas recovery projects. Enhance is developing a number of CO2 projects in Southern Alberta for both enhanced recovery and sequestration. Enhance Energy was founded in 1972 and is based in Calgary, Alberta.

Buy -
Buyer

Natural Gas Partners

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 20.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Natural Gas Partners is a specialist private equity firm focused on investments in the energy industry. The Firm looks for opportunities in oil and gas production, as well as midstream and oilfield service companies. Natural Gas Partners will also consider start-up company investments. The Firm's investments range from $20 to $100 million. Natural Gas Partners is an affiliate of energy investment firm NGP Energy Capital Management. The Group was formed in 1988 and is headquartered in Irving, Texas with additional offices in Houston; Santa Fe, New Mexico; Stamford, Connecticut; and London.


DEAL STATS #
Overall 8 of 59
Sector (Oil/Gas Exploration) 4 of 38
Type (Buyout (LBO, MBO, MBI)) 6 of 24
Country (United Kingdom) 1 of 1
Year (2007) 1 of 2
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-26 Pioneer Natural Resources

Irving, Texas, United States

Pioneer Natural Resources is a large independent exploration and production company with a large position in the Permian Basin. Pioneer Natural Resources Company was formed through the 1997 merger of NGP Portfolio Company, MESA Inc., and Parker & Parsley Petroleum Company. Pioneer Natural Resources was founded in 1997 and is based in Irving, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-11-09 Resolute Energy

Denver, Colorado, United States

Resolute Energy Corp. is an independent oil and gas company focused on the acquisition and development of unconventional oil and gas properties in the Delaware Basin portion of the Permian Basin of west Texas. Resolute Energy was founded in 2004 and is based in Denver, Colorado.

Buy -