Investment Summary

LLM Capital Partners and Eos Invest In Ballard Petroleum Resources

On January 1, 1999, growth capital firm LLM Capital Partners and asset manager Eos invested in oil/gas exploration company Ballard Petroleum Resources for 45M USD

Investment Highlights
  • This is LLM Capital Partners’ 1st and Eos’ 1st transaction in the Oil/Gas Exploration sector.
  • This is LLM Capital Partners’ 3rd and Eos’ 2nd largest (disclosed) transaction.
  • This is LLM Capital Partners’ 3rd and Eos’ 8th transaction in the United States.
  • This is LLM Capital Partners’ 1st and Eos’ 1st transaction in Montana.
Investment Fate
  • Ballard Petroleum Resources was sold to a strategic buyer in 2001 for 225M USD.

Investment Summary

Date 1999-01-01
Target Ballard Petroleum Resources
Sector Oil/Gas Exploration
Investor(s) LLM Capital Partners
Eos
Deal Type Stake Purchase
Deal Value 45M USD

Target

Ballard Petroleum Resources

Billings, Montana, United States
Ballard Petroleum was an independent energy company primarily engaged in the acquisition and development of natural gas and oil properties in the Rocky Mountain region. Ballard owned or had a working interest in over 330 wells located in Colorado, Montana, Utah and Wyoming. Ballard was acquired by Alberta Energy.

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Investor(S) 2

Investor

LLM Capital Partners

Boston, Massachusetts, United States

Category Growth Capital Firm
Founded 1991
Size Small
Type Sector Agnostic
DESCRIPTION

LLM Capital Partners LLC is a private equity firm that makes growth capital investments in mid-sized companies. The Firm's investment strategy is to provide $10 to $30 million of non-control growth funding to businesses with enterprise values between $15 and $250 million. Broad sectors of interest include healthcare services, business services and niche manufacturing. LLM Capital was formed in 1991 and has offices in Boston, Massachusetts and San Francisco, California.


DEAL STATS #
Overall 3 of 12
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
State: Montana M&A 1 of 1
Country: United States M&A 3 of 12
Year: 1999 M&A 2 of 5
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 24 Hour Fitness

San Ramon, California, United States

24 Hour Fitness is a health club provider, involved in helping members change their lives and reach their individual fitness goals. 24 Hour Fitness offers fitness solutions for everyone including personal training services, group exercise classes and strength, cardio and functional training equipment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-05-01 Sheridan Healthcare

Sunrise, Florida, United States

Sheridan Healthcare, Inc. is a multi-specialty physician practice management company that provides outsourced physician staffing services to hospitals and ambulatory surgery centers.

Buy $155M
Investor

Eos

New York, New York, United States

Category Asset Manager
Founded 1994
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Eos is an investment firm with strategies covering private equity, public equity, and credit markets. The Firm targets businesses generating sales of $25 to $500 million and EBITDA of $5 to $50 million. Eos invests in businesses under-going ownership changes, divestitures, management buyouts or and recapitalizations. The Firm invests up to $100 million per transaction. Target sectors include business/outsourced services, alternative media/marketing, healthcare services, transportation/logistics, infrastructure/environmental services, energy, and financial services. Eos was formed in 1994 and is based in New York City.


DEAL STATS #
Overall 8 of 41
Sector: Oil/Gas Exploration M&A 1 of 3
Type: Stake Purchase M&A Deals 1 of 2
State: Montana M&A 1 of 2
Country: United States M&A 8 of 41
Year: 1999 M&A 2 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-01-01 Mark Twain Cablevision

Wabasha, Missouri, United States

Mark Twain Cablevision is a consolidator and operator of cable television systems in Rural U.S. markets. Mark Twain Cablevision back Fanch Communications, a leading cable television operator, in acquiring five rural cable systems serving over 43,000 subscribers in six states.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-02-23 FrontierVision Partners

Denver, Colorado, United States

FrontierVision Partners, L.P. is a provider of cable television systems in small and medium-sized suburban and exurban communities. The company controlled over 500,000 subscribers, principally in the states of Ohio, Kentucky, and Maine.

Sell $2.1B