Buyout (LBO, MBO, MBI) • Energy Services and Equipment

NGP Energy Technology Partners Acquires Viking

On September 13, 2012, corporate investor NGP Energy Technology Partners acquired energy services and equipment company Viking

Acquisition Context
  • This is NGP Energy Technology Partners’ 8th transaction in the Energy Services and Equipment sector.
  • This is NGP Energy Technology Partners’ 16th transaction in the United States.
  • This is NGP Energy Technology Partners’ 1st transaction in North Carolina.

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M&A Deal Summary

Date September 13, 2012
Target Viking
Sector Energy Services and Equipment
Buyer(s) NGP Energy Technology Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Viking

Cary, North Carolina, United States
Viking is a specialty fishing, thru tubing and remedial services company.Viking is based in Cary, North Carolina.
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Buyer Overview 1

Buyer

NGP Energy Technology Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Corporate Investor
Founded 2005
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

NGP Energy Technology Partners LP (“NGP ETP”) is private equity firm focused the energy sector. The Firm targets buyout and growth capital transactions in sub-sectors spanning alternative energy, energy efficiency, oilfield technology and power. NGP will consider both minority and control investments and looks to invest $5 to $30 million per transaction. NGP Energy Technology Partners is a subsidiary of the NGP Energy Capital Management. NGP Energy Technology Partners was formed in 2005 and is based Washington DC with an additional office in New Orleans.


Deal Context for Buyer #
Overall 18 of 23
Sector: Energy Services and Equipment 8 of 10
Type: Buyout (LBO, MBO, MBI) 3 of 5
State: North Carolina 1 of 1
Country: United States 16 of 21
Year: 2012 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-04-23 Environmental Drilling Solutions

Lafayette, Louisiana,

Environmental Drilling Solutions LLC is a provider of mobile cuttings drying units, pressure washers, and rig vacuum systems to the oil & gas industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-17 Satcon Technology

Boston, Massachusetts, United States

Satcon Technology Corp. involved in design, development, manufacturing, sales and service ventures in the following sectors: semiconductor and electronic components, computer and core computer parts, software and system integration, telecommunications and consumer electronics.

Sell -