Buyout (LBO, MBO, MBI) • Oil/Gas Exploration

RedBird Capital Partners Acquires Lambda Energy Resources

On July 16, 2018, private equity firm RedBird Capital Partners acquired oil/gas exploration company Lambda Energy Resources

Acquisition Context
  • This is RedBird Capital Partners’ 4th transaction in the Oil/Gas Exploration sector.
  • This is RedBird Capital Partners’ 13th transaction in the United States.
  • This is RedBird Capital Partners’ 5th transaction in Texas.

Explore All 526 Buyout (LBO, MBO, MBI) Oil/Gas Exploration Deals - Search the Database Free


M&A Deal Summary

Date July 16, 2018
Target Lambda Energy Resources
Sector Oil/Gas Exploration
Buyer(s) RedBird Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Lambda Energy Resources

Houston, Texas, United States
Lambda Energy Resources is an independent oil and gas company focused on acquiring and developing assets in the Michigan Basin. Lambda Energy Resources is based in Houston, Texas.
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Buyer Overview 1

Buyer

RedBird Capital Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

RedBird Capital Partners is a private equity firm focused on investing in growth-oriented companies in the business services, financial services, sports/leisure/hospitality, and media/entertainment sectors. RedBird will consider opportunities throughout North America and has a particular interest in businesses at an inflection point with proven business models, strong management, and little debt. RedBird Capital Partners was formed in 2014 and is based in New York, New York.


Deal Context for Buyer #
Overall 14 of 44
Sector: Oil/Gas Exploration 4 of 5
Type: Buyout (LBO, MBO, MBI) 3 of 13
State: Texas 5 of 7
Country: United States 13 of 36
Year: 2018 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-11-17 Perdure Petroleum

Houston, Texas, United States

Perdure Petroleum is an independent oil and gas company with Enhanced Oil Recovery (“EOR”) assets in Texas and Oklahoma. Perdure Petroleum is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-30 Next Tier Connect

Monroeville, Pennsylvania, United States

Next Tier Connect seeks to acquire mixed-use mission-critical real estate properties and data center related properties across the United States. Next Tier Connect is based in Monroeville, Pennsylvania.

Buy -