Buyout (LBO, MBO, MBI) • Oil/Gas Exploration

Lime Rock Partners Acquires Arena Energy

On September 1, 2016, private equity firm Lime Rock Partners acquired oil/gas exploration company Arena Energy

Acquisition Context
  • This is Lime Rock Partners’ 36th transaction in the Oil/Gas Exploration sector.
  • This is Lime Rock Partners’ 42nd transaction in the United States.
  • This is Lime Rock Partners’ 22nd transaction in Texas.

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M&A Deal Summary

Date September 1, 2016
Target Arena Energy
Sector Oil/Gas Exploration
Buyer(s) Lime Rock Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Arena Energy

The Woodlands, Texas, United States
Arena Energy is an oil and gas producer operating in the shallow water Gulf of Mexico. Arena Energy was founded in 1999 and is based in The Woodlands, Texas.
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Buyer Overview 1

Buyer

Lime Rock Partners

Westport, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 10.4B USD
Size Mega
Type Sector Focused
DESCRIPTION

Lime Rock Partners is a private investment firm focused on growth capital investments in the energy industry. Specifically, Lime Rock looks for companies engaged in exploration & production, energy service, and oil service technology in North America and Europe. Lime Rock's target investment size is $50 to $150 million in businesses valued up to $500 million. Lime Rock Partners was formed in 1998 and is affiliated with Lime Rock Resources. Lime Rock Partners has offices in Westport, Connecticut; Aberdeen, Scotland; and Houston, Texas.


Deal Context for Buyer #
Overall 81 of 92
Sector: Oil/Gas Exploration 36 of 40
Type: Buyout (LBO, MBO, MBI) 51 of 58
State: Texas 22 of 30
Country: United States 42 of 51
Year: 2016 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-01 Twister

Rijswijk, Netherlands

Twister offers advanced process solutions and associated services based around its supersonic gas processing technology for gas treatment to the energy industry worldwide, for both the upstream and midstream markets. Twister was founded in 1999 and is based in Rijswijk, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-19 Senscient

League City, Texas, United States

Senscient, Inc. is a developer, manufacturer, and marketer of advanced gas detection products for industrial safety, risk management, environmental monitoring, and process analysis applications. The technology developed by Senscient solves major problems associated with traditional fixed gas detectors by eliminating routine re-calibration, sensor replacement, unreliable readings, and false alarms that cost industries millions of dollars in lost revenue annually.

Sell -