M&A Deal Summary

Kayne Anderson Capital Advisors Acquires 89 Energy III

On May 20, 2021, asset manager Kayne Anderson Capital Advisors acquired oil/gas exploration company 89 Energy III

Acquisition Highlights
  • This is Kayne Anderson Capital Advisors’ 100th transaction in the Oil/Gas Exploration sector.
  • This is Kayne Anderson Capital Advisors’ 152nd transaction in the United States.
  • This is Kayne Anderson Capital Advisors’ 18th transaction in Oklahoma.

M&A Deal Summary

Date 2021-05-20
Target 89 Energy III
Sector Oil/Gas Exploration
Buyer(s) Kayne Anderson Capital Advisors
Deal Type Consolidation

Target

89 Energy III

Oklahoma, Oklahoma, United States
89 Energy III is a private E&P company that focused on the continued development of its footprint in the Anadarko Basin and the pursuit of acquisitions within the Mid-Continent region. 89 Energy III is based in Oklahoma City.

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Buyer(S) 1

Buyer

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 169 of 177
Sector (Oil/Gas Exploration) 100 of 105
Type (Consolidation) 1 of 1
State (Oklahoma) 18 of 19
Country (United States) 152 of 160
Year (2021) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-20 Native Oil & Gas

Oklahoma City, Oklahoma, United States

Native Oil & Gas is a private exploration and production company that pursues a lease and drill strategy in the Mid-Continent region, specifically Oklahoma. Native Oil & Gas was founded in 2017 and is based in Oklahoma City.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Source Intelligence

Carlsbad, California, United States

Source Intelligence is a global network of businesses linked together to expedite the exchange and validation of compliance information. SI's cloud-based SaaS platform helps customers make informed decisions about business partners to offer products that meet legal, ethical, and environmental standards. Source Intelligence was founded in 2008 and is based in Carlsbad, California.

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