Add-on Acquisition • Oil/Gas Exploration

Tecton Energy Acquires SouthView Energy

On June 15, 2007, Tecton Energy acquired oil/gas exploration company SouthView Energy from Jefferies Capital Partners

Acquisition Context
  • This is Tecton Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Tecton Energy’s 1st transaction in the United States.
  • This is Tecton Energy’s 1st transaction in Texas.

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M&A Deal Summary

Date June 15, 2007
Target SouthView Energy
Sector Oil/Gas Exploration
Buyer(s) Tecton Energy
Sellers(s) Jefferies Capital Partners
Deal Type Add-on Acquisition

Target Company

SouthView Energy

Houston, Texas, United States
SouthView Energy LLC - is a roll up of operating and non-working interests in smaller oil and gas properties in North America.
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Buyer Overview 1

Buyer

Tecton Energy

Houston, Texas, United States

Category Company
Founded 2005
Sector Oil/Gas Exploration
DESCRIPTION

Tecton Energy, LLC is a Houston, TX based oil and gas company focused on growing its reserve base through the acquisition and development of properties in unconventional tight gas basins in the Rocky Mountain region of the western United States and Canada.


Deal Context for Buyer #
Overall 1 of 1
Sector: Oil/Gas Exploration 1 of 1
Type: Add-on Acquisition 1 of 1
State: Texas 1 of 1
Country: United States 1 of 1
Year: 2007 1 of 1

Seller Profile 1

SELLER

Jefferies Capital Partners

New York, New York, United States

Category Private Equity Firm
Founded 1994
PE ASSETS 850M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Jefferies Capital Partners is a private equity investment firm that seeks to invest in later-stage growth companies, management buyouts, and support of corporate expansion and industry consolidation. The firm makes equity and equity-linked investments between $20 million and $100 million per transaction. Jefferies does not invest in start-ups, early-stage ventures or real estate. The firm seeks companies with revenue between $10 million to $500 million per annum. Jefferies targets companies involved in the following industries: consumer, energy, financial services, healthcare, manufacturing and distribution, media, telecommunications and transportation. Jefferies Capital Partners is based in New York, New York.


Deal Context for Seller #
Overall 20 of 28
Sector: Oil/Gas Exploration 3 of 4
Type: Add-on Acquisition 12 of 17
State: Texas 3 of 5
Country: United States 19 of 27
Year: 2007 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-01 R&R Trucking

Duenweg, Missouri, United States

R&R Trucking - is a niche transportation company specializing in the movement of ammunition, commercial explosives and other hazardous materials.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-18 Tecton Energy

Houston, Texas, United States

Tecton Energy, LLC is a Houston, TX based oil and gas company focused on growing its reserve base through the acquisition and development of properties in unconventional tight gas basins in the Rocky Mountain region of the western United States and Canada.

Buy $132M