M&A Deal Summary

Quantum Energy Partners, Kayne Anderson Capital Advisors and FourPoint Energy Acquire Ovintiv - Uinta Basin assets

On November 14, 2024, private equity firm Quantum Energy Partners, asset manager Kayne Anderson Capital Advisors and FourPoint Energy acquired oil/gas exploration company Ovintiv - Uinta Basin assets from Ovintiv for 2.0B USD

Acquisition Highlights
  • This is Quantum Energy Partners’ 59th, Kayne Anderson Capital Advisors’ 105th and FourPoint Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Quantum Energy Partners’ , Kayne Anderson Capital Advisors’ and FourPoint Energy’s largest (disclosed) transaction.
  • This is Quantum Energy Partners’ 79th, Kayne Anderson Capital Advisors’ 160th and FourPoint Energy’s 1st transaction in the United States.

M&A Deal Summary

Date 2024-11-14
Target Ovintiv - Uinta Basin assets
Sector Oil/Gas Exploration
Buyer(s) Quantum Energy Partners
Kayne Anderson Capital Advisors
FourPoint Energy
Sellers(s) Ovintiv
Deal Type Divestiture
Deal Value 2.0B USD

Target

Ovintiv - Uinta Basin assets

United States
Ovintiv's Uinta Basin assets is a provider of an oil and gas exploration services across 126,000 net acres and production of 29 Mbbls/d.

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Buyer(S) 3

Buyer

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 90 of 90
Sector (Oil/Gas Exploration) 59 of 59
Type (Divestiture) 1 of 1
Country (United States) 79 of 79
Year (2024) 1 of 1
Size (of disclosed) 1 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-03 Datagration

Houston, Texas, United States

Datagration is a provider of an open, and collaborative ecosystem of domain-specific platforms that create solutions for organizations by aggregating and integrating data from disparate legacy systems, databases, and unstructured documents into a unified cloud-based or on-premise environment. Datagration is based in Houston, Texas.

Sell -
Buyer

Kayne Anderson Capital Advisors

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1984
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kayne Anderson Capital Advisors is an alternative investment management firm focused on hedge funds, public funds, energy private equity, growth private equity, real estate private equity, and mezzanine finance opportunities. Kayne's energy private equity group focuses on $20 to $100 million investments in high-growth exploration and production, midstream and oilfield service companies. The energy group considers both majority or minority stakes in public and private businesses. Kayne's growth private equity practice involves structured investments in public and private companies looking for capital to finance expansion. This group will also consider middle-market leveraged transactions and management buyouts. Kayne's real estate private equity group invests in established, cash-flow generating projects. Areas of interest include student housing and campus-oriented retail properties, amongst other opportunistic investments. The Group looks for acquisitions of $25 to $100 million. Kayne's mezzanine team looks to provide $20 to $35 million of capital for mid-market businesses with $100 to $500 million of sales and $10 to $50 million of EBITDA. Kayne Capital Advisors was formed in 1984 and is based in Los Angeles with additional offices in Armonk, New York; New York City, and Houston.


DEAL STATS #
Overall 177 of 177
Sector (Oil/Gas Exploration) 105 of 105
Type (Divestiture) 3 of 3
Country (United States) 160 of 160
Year (2024) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-12 Zafin Labs Technologies

Vancouver, British Columbia, Canada

Zafin Labs Technologies is a provider of relationship banking software solutions to financial services providers worldwide. Company technology platform, miRevenue, was built from the ground up for banking, enabling customer-centric product innovations that drive revenue, transparency and operational efficiency across the customer lifecycle. Zafin Labs Technologies was founded in 2002 and is based in Vancouver, British Columbia.

Sell -
Buyer

FourPoint Energy

Denver, Colorado, United States

Category Company
Founded 2013
Sector Oil/Gas Exploration
DESCRIPTION

FourPoint Energy is an operator of a private oil and gas exploration and production company. FourPoint Energy was founded in 2013 and is based in Denver, Colorado.


DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Ovintiv

Denver, Colorado, United States

Category Company
Founded 2020
Sector Oil/Gas Exploration
Employees1,743
Revenue 10.9B USD (2023)
DESCRIPTION

Ovintiv is an oil and gas exploration company. It is involved in the production and marketing of oil and natural gas. Ovintiv was founded in 2020 and is based in Denver, Colorado.


DEAL STATS #
Overall 6 of 6
Sector (Oil/Gas Exploration) 6 of 6
Type (Divestiture) 4 of 4
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 Newfield Exploration

The Woodlands, Texas, United States

Newfield Exploration Co. is an independent energy company. Newfield is engaged in the exploration, development, and production of crude oil, natural gas, and natural gas liquids. The Company relies on a proven strategy of growing reserves through an active drilling program and select acquisitions. Newfield’s principal domestic areas of operation include the Mid-Continent, the Rocky Mountains and onshore Texas.

Buy $5.5B