M&A Deal Summary

HRM Resources III Acquires Balidor Oil & Gas

On February 1, 2018, HRM Resources III acquired oil/gas exploration company Balidor Oil & Gas from Kayne Anderson Capital Advisors

Acquisition Highlights
  • This is HRM Resources III’s 1st transaction in the Oil/Gas Exploration sector.
  • This is HRM Resources III’s 1st transaction in the United States.
  • This is HRM Resources III’s 1st transaction in Texas.

M&A Deal Summary

Date 2018-02-01
Target Balidor Oil & Gas
Sector Oil/Gas Exploration
Buyer(s) HRM Resources III
Sellers(s) Kayne Anderson Capital Advisors
Deal Type Add-on Acquisition

Target

Balidor Oil & Gas

Houston, Texas, United States
Balidor Oil & Gas is a private exploration and production company that is pursuing acquisitions of oil and gas assets with scalable exploitation and development upside. Balidor plans to evaluate opportunities across the onshore U.S. with a focus on the Ark-LA-Tex, Mid-Continent and Rockies regions. Balidor Oil & Gas is based in Houston, Texas.

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Buyer(S) 1

Buyer

HRM Resources III

Denver, Colorado, United States

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

HRM Resources III is a private exploration and production company that focused on the acquisition and exploitation of long-lived oil and gas assets in the Rocky Mountain region. HRM Resources III is based in Denver, Colorado.


DEAL STATS #
Overall 1 of 1
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 1

SELLER

Kayne Anderson Capital Advisors

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1984
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kayne Anderson Capital Advisors is an alternative investment management firm focused on hedge funds, public funds, energy private equity, growth private equity, real estate private equity, and mezzanine finance opportunities. Kayne's energy private equity group focuses on $20 to $100 million investments in high-growth exploration and production, midstream and oilfield service companies. The energy group considers both majority or minority stakes in public and private businesses. Kayne's growth private equity practice involves structured investments in public and private companies looking for capital to finance expansion. This group will also consider middle-market leveraged transactions and management buyouts. Kayne's real estate private equity group invests in established, cash-flow generating projects. Areas of interest include student housing and campus-oriented retail properties, amongst other opportunistic investments. The Group looks for acquisitions of $25 to $100 million. Kayne's mezzanine team looks to provide $20 to $35 million of capital for mid-market businesses with $100 to $500 million of sales and $10 to $50 million of EBITDA. Kayne Capital Advisors was formed in 1984 and is based in Los Angeles with additional offices in Armonk, New York; New York City, and Houston.


DEAL STATS #
Overall 54 of 85
Sector: Oil/Gas Exploration M&A 32 of 43
Type: Add-on Acquisition M&A Deals 21 of 34
State: Texas M&A 23 of 32
Country: United States M&A 47 of 73
Year: 2018 M&A 1 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-01 HRM Resources III

Denver, Colorado, United States

HRM Resources III is a private exploration and production company that focused on the acquisition and exploitation of long-lived oil and gas assets in the Rocky Mountain region. HRM Resources III is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-04 NewBay Media

New York, New York, United States

NewBay Media LLC is a provider of print, digital, event and marketing services to professional and enthusiast markets. NewBay provides multichannel marketing solutions and information to communities encompassing over 5 million professionals and nearly 8 million enthusiasts centered around three large technology driven interrelated markets, Television & Video, Entertainment & Educational Technology, and Music. NewBay Media LLC was established in 2006 and is based in New York, New York.

Sell $14M