M&A Deal Summary

NFR Energy Acquires TLP Energy

On December 17, 2012, NFR Energy acquired oil/gas exploration company TLP Energy from Trilantic North America for 655M USD

Acquisition Highlights
  • This is NFR Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is NFR Energy’s largest (disclosed) transaction.
  • This is NFR Energy’s 2nd transaction in the United States.
  • This is NFR Energy’s 1st transaction in Oklahoma.

M&A Deal Summary

Date 2012-12-17
Target TLP Energy
Sector Oil/Gas Exploration
Buyer(s) NFR Energy
Sellers(s) Trilantic North America
Deal Type Add-on Acquisition
Deal Value 655M USD

Target

TLP Energy

Oklahoma City, Oklahoma, United States
TLP Energy LLC is an Oklahoma City-based exploration and production company focused on the acquisition and development of oil and liquids-rich gas resources in Western Oklahoma and the Texas panhandle.

Search 198,242 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

NFR Energy

Houston, Texas, United States

Category Company
Sector Energy Services and Equipment
DESCRIPTION

NFR Energy, L.L.C. ('NFR') is a joint venture with Nabors Industries formed to engage in the acquisition, exploration, development, and production of oil and natural gas, with particular focus on tight reservoirs. To date, NFR has invested nearly $1.0 billion in acquisitions and drilling in two key onshore regions of the United States- East Texas and the Rockies.


DEAL STATS #
Overall 2 of 2
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Oklahoma) 1 of 1
Country (United States) 2 of 2
Year (2012) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-12-31 Chalker Energy Partners II

Houston, Texas, United States

Chalker Energy Partners II LP operates oil & gas exploration.

Buy -

Seller(S) 1

SELLER

Trilantic North America

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2009
PE ASSETS 9.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Trilantic North America is a mega-sized private equity firm focused on opportunities throughout North America. Trilantic generally invests in large businesses with 'strong market positions, unique franchises, secure and growing market niches or distinctive products and services that command premium prices'. Sectors of interest include business services, consumer, energy, and financial services. The Firm's target investment size is $50 to $300 million in companies valued up to $1 billion. Transaction situations of interest include management buyouts, recapitalizations, growth capital financings, divestitures, new platforms, and generational transfers. Trilantic North America was formed in 2009 through the spin-off of Lehman Brothers' private equity business. The Firm is based in New York City.


DEAL STATS #
Overall 6 of 23
Sector (Oil/Gas Exploration) 2 of 7
Type (Add-on Acquisition) 3 of 11
State (Oklahoma) 1 of 2
Country (United States) 6 of 22
Year (2012) 1 of 2
Size (of disclosed) 2 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Templar

Oklahoma City, Oklahoma, United States

Templar is an oil and natural gas exploration and production company primarily focused on investing in the Mid-Continent Region of the U.S., while also evaluating opportunities outside the region which fit its economic criteria. Templar primarily targets mature well-understood regions that are liquids-rich, have stacked multiple development pay zones, and are expected to offer attractive full-cycle development returns. Templar’s executive management team has diverse experience, with core competencies in horizontal drilling and multi-stage completion techniques, having drilled hundreds of horizontal wells in the Mid-Continent Region.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-21 Fortitech

Schenectady, New York, United States

Founded in 1986, Fortitech, Inc. is the world leader in the development of custom nutrient premixes for the food, beverage and pharmaceutical industries, integrating functional ingredients from a comprehensive selection of vitamins, minerals, amino acids, nucleotides and nutraceuticals. Fortitech is ISO 9001:2008 certified, with a stringent Allergen Monitoring Program and meets GMA-safe, cGMP, GMO-free, HACCP, Organic, Kosher and Halal standards. Headquartered in Schenectady, N.Y., the company has a global network of manufacturing and distribution facilities, throughout Europe, Asia Pacific, South America, Mexico and the United States (New York and California).

Sell $634M