Investment Summary

Kayne Anderson Capital Advisors and Warburg Pincus Invest In Terra

On June 25, 2015, asset manager Kayne Anderson Capital Advisors and private equity firm Warburg Pincus invested in oil/gas exploration company Terra

Investment Highlights
  • This is Kayne Anderson Capital Advisors’ 85th and Warburg Pincus’ 27th transaction in the Oil/Gas Exploration sector.
  • This is Kayne Anderson Capital Advisors’ 116th and Warburg Pincus’ 143rd transaction in the United States.
  • This is Kayne Anderson Capital Advisors’ 60th and Warburg Pincus’ 23rd transaction in Texas.

Investment Summary

Date 2015-06-25
Target Terra
Sector Oil/Gas Exploration
Investor(s) Kayne Anderson Capital Advisors
Warburg Pincus
Deal Type Growth Capital

Target

Terra

Houston, Texas, United States
Terra is an E&P company focused on low risk, low decline natural gas assets with operational and development upside in established onshore basins. Terra was founded in 2015 and is based in Houston, Texas.

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Investor(S) 2

Investor

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 127 of 177
Sector (Oil/Gas Exploration) 85 of 105
Type (Growth Capital) 24 of 51
State (Texas) 60 of 70
Country (United States) 116 of 160
Year (2015) 7 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-01 Amistad Energy Partners

Houston, Texas, United States

Amistad Energy Partners was a private exploration and production company based in Houston, Texas that pursued acquisitions of oil and gas assets with scalable development upside throughout select North American basins, focusing on the Permian Basin, Mid-Continent and East Texas regions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Laricina Energy

Calgary, Alberta, Canada

Laricina Energy is a private company based in Calgary, Alberta that focuses on the early stage acquisition and development of in situ Athabasca oil sands properties. Laricina’s strategy is to create value by developing a diverse portfolio of oil sands assets that leverage technology and market developments.

Sell -
Investor

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 279 of 482
Sector (Oil/Gas Exploration) 27 of 40
Type (Growth Capital) 86 of 158
State (Texas) 23 of 39
Country (United States) 143 of 237
Year (2015) 14 of 26
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-19 Red Star Macalline Home Group

Shanghai, China

Red Star Macalline Home Group is a national home improvement and furniture retail platform in China, with stores in most major cities in China. Red Star Macalline targets the rapidly growing middle class in China through the operation of malls that offer home improvement and furniture materials, including flooring, bathroom, and kitchen fixtures, under approximately 18,000 well-known brands. Red Star Macalline Home Group was as founded in 1992 and is based in Shanghai, China.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-21 Piramal Realty

Mumbai, India

Piramal Realty is an Indian real estate developer that has over 16 million square feet under development in prime areas of Mumbai. Piramal Realty is part of the Piramal Group, one of India’s leading conglomerates with interests in healthcare and life sciences, financial services and real estate. Piramal Realty is based in Mumbai, India.

Buy -