Investment Summary |
|
|---|---|
| Date | 2022-06-16 |
| Target | Lucid Energy Group |
| Sector | Oil/Gas Exploration |
| Investor(s) | Targa Resources |
| Sellers(s) |
Riverstone Holdings
Goldman Sachs Merchant Banking |
| Deal Type | Acquisition Financing |
| Deal Value | 3.6B USD |
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| Category | Company |
|---|---|
| Founded | 2005 |
| Sector | Energy Services and Equipment |
| Employees | 3,182 |
| Revenue | 16.1B USD (2023) |
Targa Resources is an independent midstream energy companies in the U.S., providing gas gathering, processing, fractionation and transportation through an extensive portfolio of integrated midstream assets. Targa Resources was founded in 2005 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 12 of 12 |
| Sector (Oil/Gas Exploration) | 2 of 2 |
| Type (Acquisition Financing) | 1 of 1 |
| State (Texas) | 5 of 5 |
| Country (United States) | 12 of 12 |
| Year (2022) | 2 of 2 |
| Size (of disclosed) | 2 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-04-21 |
Southcross Energy
Houston, Texas, United States Southcross Energy is a growth-oriented company that provides a full range of complementary services across the midstream value chain. The company is laser-focused on stewarding its customers’ natural gas and NGLs to multiple markets with safe, reliable, compliant, and cost-effective solutions. Its outstanding customer service provides best-in-class midstream solutions, creative commercial arrangements, optionality, and the best possible netbacks. Southcross Energy was formed in 2009 and is based in Houston, Texas. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 40.0B USD |
| Size | Mega |
| Type | Sector Focused |
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 | 55 of 57 |
| Sector (Oil/Gas Exploration) | 20 of 20 |
| Type (Acquisition Financing) | 2 of 2 |
| State (Texas) | 26 of 26 |
| Country (United States) | 41 of 42 |
| Year (2022) | 1 of 1 |
| Size (of disclosed) | 1 of 19 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-01-26 |
T-REX Group
New York, New York, United States T-REX Group combines sophisticated cloud-based SaaS technology with big data and asset class expertise to drive down operating and capital expense, reduce risk exposure and enhance performance for complex investments. T-REX Group was founded in 2012 and is headquartered in New York City. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2024-04-24 |
T-REX Group
New York, New York, United States T-REX Group combines sophisticated cloud-based SaaS technology with big data and asset class expertise to drive down operating and capital expense, reduce risk exposure and enhance performance for complex investments. T-REX Group was founded in 2012 and is headquartered in New York City. |
Sell | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1986 |
| PE ASSETS | 155.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Goldman Sachs Merchant Banking Division is the investment arm of Goldman Sachs. The primary corporate investment group within the Merchant Banking Division is Goldman Sachs' direct investment arm. GS's direct investment arm consists of GS Capital Partners, GS Mezzanine Partners, and GS Growth Partners. GS Capital Partners is the direct corporate equity investment group which seeks LBO, recapitalization, and growth investments to help fund acquisitions, expansions, recapitalizations, restructurings, buyouts, and take privates. GS Capital Partners looks to invest between $50 and $800 million in opportunities in North/South America, Europe, Asia. GS Mezzanine Partners is the junior capital arm of Goldman Sachs. GS Mezzanine looks to invest between $200 million and and $800 million in transactions valued up to $10 billion. Investment proceeds are used to fund leveraged buyouts, expansion financings, recapitalizations, acquisitions, and restructurings. GS Growth looks to invest in growth equity transactions. The unit seeks to commit $20 to $200 million per investment. Other units within GS's merchant banking division include Real Estate, Infrastructure, and Urban Investments. Goldman Sachs Merchant Banking Division is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 107 of 110 |
| Sector (Oil/Gas Exploration) | 3 of 3 |
| Type (Acquisition Financing) | 3 of 3 |
| State (Texas) | 5 of 5 |
| Country (United States) | 76 of 78 |
| Year (2022) | 3 of 4 |
| Size (of disclosed) | 7 of 32 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-05-26 |
Norgine
Amsterdam, Netherlands Norgine is an independent specialty pharmaceutical company. Norgine’s focus is the development and marketing of pharmaceutical products that address significant unmet clinical needs in therapeutic areas such as gastroenterology, hepatology, and critical and supportive care. Norgine was formed in 1906 and is based in Amsterdam, Netherlands. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-27 |
Clear Group
London, United Kingdom Clear Group is an independent insurance broker with over 30,000 clients and handling over £100m of premiums. It is focused on the UK corporate and SME market and has strong expertise in niche insurance verticals including property and construction. Clear Group was formed in 2006 and is based in London. |
Buy | - |
