Investment Summary

NGP Invests In ChargePoint

On February 26, 2021, private equity firm NGP invested in energy services and equipment company ChargePoint from Quantum Energy Partners

Investment Highlights
  • This is NGP’s 13th transaction in the Energy Services and Equipment sector.
  • This is NGP’s 56th transaction in the United States.
  • This is NGP’s 4th transaction in California.

Investment Summary

Date 2021-02-26
Target ChargePoint
Sector Energy Services and Equipment
Investor(s) NGP
Sellers(s) Quantum Energy Partners
Deal Type PIPE

Target

ChargePoint

Campbell, California, United States
ChargePoint is an electric vehicle (EV) charging network, with charging solutions in every category EV drivers charge, at home, work, around town and on the road. ChargePoint was founded in 2007 and is based in Campbell, California.

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Investor(S) 1

Investor

NGP

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 25.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Natural Gas Partners is a specialist private equity firm focused on investments in the energy industry. The Firm looks for opportunities in oil and gas production, as well as midstream and oilfield service companies. Natural Gas Partners will also consider start-up company investments. The Firm's investments range from $20 to $100 million. Natural Gas Partners is an affiliate of energy investment firm NGP Energy Capital Management. The Group was formed in 1988 and is headquartered in Irving, Texas with additional offices in Houston; Santa Fe, New Mexico; Stamford, Connecticut; and London.


DEAL STATS #
Overall 62 of 80
Sector: Energy Services and Equipment M&A 13 of 17
Type: PIPE M&A Deals 2 of 2
State: California M&A 4 of 6
Country: United States M&A 56 of 70
Year: 2021 M&A 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-12 Anew Climate

Houston, Texas, United States

Anew Climate is an independent marketer of renewable natural gas and environmental commodities in North America. Anew Climate operates in environmental credit markets, specializing in low carbon fuel standard credits, renewable identification numbers, emission credits, and carbon credits through its market and sustainability expertise. Anew Climate was founded in 2005 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-15 Persefoni

Mesa, Arizona, United States

Persefoni is a Climate Management & Accounting Platform (CMAP). The company’s AI SaaS-based platform enables organizations to plan, monitor, analyze, reduce, and report their carbon footprint. Persefoni is based in Mesa, Arizona.

Buy -

Seller(S) 1

SELLER

Quantum Energy Partners

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 17.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Quantum Energy Partners is a specialist private equity firm focused on investments within the energy sector. Quantum's primary focus is on opportunities within the oil and gas upstream and midstream sectors, however, the Firm will also consider investments in oil field services and equipment, coal, power generation and transmission, and renewable/alternative energy. Quantum's target investment size is $100 to $400 million. Quantum invests in start-ups as well as established companies needing expansion capital. Quantum Energy Partners was formed in 1998 and is headquartered in Houston, Texas.


DEAL STATS #
Overall 20 of 26
Sector: Energy Services and Equipment M&A 4 of 4
Type: PIPE M&A Deals 1 of 1
State: California M&A 1 of 1
Country: United States M&A 17 of 23
Year: 2021 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Whitecap Resources

Calgary, Alberta, Canada

Whitecap Resources is a oil-weighted company focused on providing sustainable monthly dividends to its shareholders and per share growth through a combination of accretive oil-based acquisitions and organic growth on existing and acquired assets. Whitecap Resources was founded in 2009 and is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 DoublePoint Energy

Fort Worth, Texas, United States

DoublePoint Energy is an upstream oil and gas company, led by the Double Eagle management team in partnership with FourPoint Energy. DoublePoint Energy is based in Fort Worth, Texas.

Sell $6.4B