M&A Deal Summary

Sixth Street Partners Acquires Caliche Development Partners

On August 20, 2024, asset manager Sixth Street Partners acquired energy services and equipment company Caliche Development Partners

Acquisition Highlights
  • This is Sixth Street Partners’ 1st transaction in the Energy Services and Equipment sector.
  • This is Sixth Street Partners’ 25th transaction in the United States.
  • This is Sixth Street Partners’ 2nd transaction in Texas.

M&A Deal Summary

Date 2024-08-20
Target Caliche Development Partners
Sector Energy Services and Equipment
Buyer(s) Sixth Street Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Barclays Investment Bank (Financial)
Willkie Farr & Gallagher (Legal)

Target

Caliche Development Partners

Houston, Texas, United States
Caliche Development Partners is focused on the acquisition, development, construction, ownership, and operation of subsurface hydrocarbon storage assets in North America, with a primary focus on the U.S. Gulf Coast. Caliche Development Partners was founded in 2016 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Sixth Street Partners


Category Asset Manager
Founded 2009
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Sixth Street is a global alternative asset manager and lender that offers a wide range of capital solutions to small, medium, and large companies. The Firm maintains a variety of investment vehicles focused on growth companies, infrastructure, insurance, agriculture as well as other strategies. Sixth Street was established in 2009 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 28 of 28
Sector: Energy Services and Equipment M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 6 of 6
State: Texas M&A 2 of 2
Country: United States M&A 25 of 25
Year: 2024 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-14 Kiteworks

San Mateo, California, United States

Kiteworks provides enterprise-class mobile file sharing solutions to enable secure, anytime, anywhere access to information while ensuring enterprise security and compliance. Kiteworks was founded in 1999 and is based in San Mateo, California.

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