Investment Summary

Lime Rock Partners and HarbourVest Partners Invest In CrownRock Minerals

On March 1, 2016, private equity firms Lime Rock Partners and HarbourVest Partners invested in metals/mining company CrownRock Minerals

Investment Highlights
  • This is Lime Rock Partners’ 3rd and HarbourVest Partners’ 1st transaction in the Metals/Mining sector.
  • This is Lime Rock Partners’ 41st and HarbourVest Partners’ 86th transaction in the United States.
  • This is Lime Rock Partners’ 21st and HarbourVest Partners’ 13th transaction in Texas.

Investment Summary

Date 2016-03-01
Target CrownRock Minerals
Sector Metals/Mining
Investor(s) Lime Rock Partners
HarbourVest Partners
Deal Type Growth Capital

Target

CrownRock Minerals

Midland, Texas, United States
CrownRock Minerals provides developing oilfields and buying minerals and royalties. CrownRock Minerals is based in Midland, Texas.

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Investor(S) 2

Investor

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 STATS #
Overall 80 of 92
Sector: Metals/Mining M&A 3 of 3
Type: Growth Capital M&A Deals 14 of 16
State: Texas M&A 21 of 30
Country: United States M&A 41 of 51
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 San Jacinto Minerals

Centennial, Colorado, United States

San Jacinto Minerals is an oil and gas mineral and royalty acquisition company. San Jacinto Minerals was founded in 2015 and is based in Centennial, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-07 DUON Dystrybucja

Przezmierowo, Poland

DUON Dystrybucja delivers modern energy solutions to the Polish market through the supply of natural gas, LNG, LPG, and electricity. The company has considerable experience in the distribution and regasification of LNG which is an important market in Poland due to the lack of natural gas infrastructure. DUON Dystrybucja is based in Przezmierowo, Poland.

Sell €100M
Investor

HarbourVest Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1978
PE ASSETS 147.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HarbourVest Partners, LLC is an investment firm that makes investments in new private equity partnerships, acquires secondary interests, and makes direct investments in operating companies. HarbourVest's largest investment area is investments in private equity funds, comprising of approximately 2/3 of HarbourVest's assets. HarbourVest's direct investment group looks for investments in growth oriented businesses at a variety of stages. The Group generally targets co-investments of $5 to $100 million, growth capital financings of $5 to $40 million, or mezzanine commitments of $5 to $20 million. Sectors of interest include software, hardware, data communications, telecommunications, and financial services. HarbourVest was formed in 1997 to assume the business of Hancock Venture Partners which was formed in 1982. HarbourVest Partners is based in Boston, Massachusetts, with additional offices in London, Tokyo, and Hong Kong.


DEAL STATS #
Overall 138 of 214
Sector: Metals/Mining M&A 1 of 1
Type: Growth Capital M&A Deals 22 of 32
State: Texas M&A 13 of 21
Country: United States M&A 86 of 130
Year: 2016 M&A 2 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 American Trailer Works

Sumner, Texas, United States

American Trailer Works is a manufacturer and distributor of utility and cargo trailers in North America. American Trailer Works sells trailers through independent dealers and national retailers under the PJ Trailers, Carry-On Trailer, RC Trailers, Middlebury Trailers and other private-label brand names.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-03-03 Clix Capital

Gurgaon, India

Clix Capital is a provider of asset-based, cash flow and structured loans. Company offer corporate debt solutions across diverse industry sectors, namely healthcare, IT, manufacturing, media, energy, automobile, aviation and business services. Clix Capital was founded in 2016 and is based in Gurgaon, Haryana.

Buy -