M&A Deal Summary

Riverstone Holdings Acquires Centennial Resource Development

On July 7, 2016, private equity firm Riverstone Holdings acquired oil/gas exploration company Centennial Resource Development from NGP Energy Capital Management for 175M USD

Acquisition Highlights
  • This is Riverstone Holdings’ 39th transaction in the Oil/Gas Exploration sector.
  • This is Riverstone Holdings’ 10th largest (disclosed) transaction.
  • This is Riverstone Holdings’ 74th transaction in the United States.
  • This is Riverstone Holdings’ 45th transaction in Texas.

M&A Deal Summary
Date 2016-07-07
Target Centennial Resource Development
Sector Oil/Gas Exploration
Buyer(s) Riverstone Holdings
Sellers(s) NGP Energy Capital Management
Deal Type Divestiture
Deal Value 175M USD

Target

Centennial Resource Development

Delaware Basin, Texas, United States
Centennial Resource Development LLC is an exploration and production company focused on the acquisition and development of oil and liquids-rich natural gas resources in the Permian Delaware Basin, West Texas.

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Buyer(S) 1

Buyer

Riverstone Holdings

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2000
PE ASSETS 40.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Riverstone Holdings is a large specialist asset management and private equity firm focused on opportunities in the energy and power industry. Specific areas of interest include oil & gas exploration, midstream transportation/logistics, electric generation, energy & power service, power infrastructure, and energy & power technology. Riverstone Holdings was formed in 2000 and is based in New York, New York.

DEAL STATS #
Overall 99 of 106
Sector (Oil/Gas Exploration) 39 of 42
Type (Divestiture) 5 of 6
State (Texas) 45 of 47
Country (United States) 74 of 78
Year (2016) 2 of 3
Size (of disclosed) 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-06-09 Wayne Fueling Systems

Addison, Texas, United States

Wayne is a global provider of fuel dispensing, payment, systems and aftermarket services for retail and commercial fuel stations.

Sell $780M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-08 Rock Oil Holdings

Denver, Colorado, United States

Rock Oil Holdings LLC is a developer oil and gas reserves in the Eagle Ford Shale trend in south Texas.

Sell $980M

Seller(S) 1

SELLER

NGP Energy Capital Management

Irving, Texas, United States
Category Company
Founded 1988
Sector Financial Services
DESCRIPTION

NGP Energy Capital Management (NGP) is a premier investment franchise in the natural resources industry with $16.5 billion in cumulative committed capital under management since inception. NGP’s investment platform includes Natural Gas Partners, NGP Global Agribusiness Partners, and NGP Energy Technology Partners, L.P.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Divestiture) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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