M&A Deal Summary

Riverstone Holdings Acquires Rock Oil Holdings

On March 1, 2014, private equity firm Riverstone Holdings acquired oil/gas exploration company Rock Oil Holdings from Energy Trust Partners

Acquisition Highlights
  • This is Riverstone Holdings’ 35th transaction in the Oil/Gas Exploration sector.
  • This is Riverstone Holdings’ 69th transaction in the United States.
  • This is Riverstone Holdings’ 4th transaction in Colorado.
Investment Fate
  • Rock Oil Holdings was sold to a publicly-traded strategic buyer in 2016 for 980M USD.

M&A Deal Summary

Date 2014-03-01
Target Rock Oil Holdings
Sector Oil/Gas Exploration
Buyer(s) Riverstone Holdings
Sellers(s) Energy Trust Partners
Deal Type Secondary Buyout

Target

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.

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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 92 of 106
Sector (Oil/Gas Exploration) 35 of 42
Type (Secondary Buyout) 7 of 9
State (Colorado) 4 of 4
Country (United States) 69 of 78
Year (2014) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-01-03 Raven Power

Baltimore, Maryland, United States

Raven Power is a private independent power company that consists of three, primarily coal-fired, power generation facilities. Raven Power was founded in 2012 and is based in Baltimore, Maryland.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-01 R/C Sugarkane

Houston, Texas, United States

R/C Sugarkane, LLC is a private upstream oil & gas company with a dedicated focus on developing acreage targeting the Eagle Ford shale in South Texas.

Sell -

Seller(S) 1

SELLER

Energy Trust Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2002
PE ASSETS 1.3B USD
Size Large
Type Sector Focused
DESCRIPTION

Energy Trust Partners (ETP) is a private equity firm that seeks opportunities in the upstream sector of the oil and gas industry. ETP looks to acquire operating companies and assets as well as invest in drilling projects and related activities. The Firm looks to commit $ 25 to $75 million per transaction. The Firm was formed in 2002 and is based in Dallas, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Secondary Buyout) 1 of 1
State (Colorado) 1 of 1
Country (United States) 1 of 1
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-08-18 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 PanHugoton Partners

Amarillo, Texas, United States

PanHugoton Partners is an owns and operator of exploitation and development operations. PanHugoton Partners is based in Amarillo, Texas.

Buy -