Investment Summary

The Blackstone Group Invests In LLOG Exploration

On November 13, 2012, private equity firm The Blackstone Group invested in oil/gas exploration company LLOG Exploration

Investment Highlights
  • This is The Blackstone Group’s 5th transaction in the Oil/Gas Exploration sector.
  • This is The Blackstone Group’s 103rd transaction in the United States.
  • This is The Blackstone Group’s 1st transaction in Louisiana.

Investment Summary
Date 2012-11-13
Target LLOG Exploration
Sector Oil/Gas Exploration
Investor(s) The Blackstone Group
Deal Type Stake Purchase

Target

LLOG Exploration

Covington, Louisiana, United States
LLOG Exploration is a privately owned deepwater exploration company operating in the Gulf of Mexico, and one of the top 10 private oil and gas producers in the United States.

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Investor(S) 1

Investor

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.

DEAL STATS #
Overall 159 of 335
Sector (Oil/Gas Exploration) 5 of 8
Type (Stake Purchase) 40 of 49
State (Louisiana) 1 of 1
Country (United States) 103 of 210
Year (2012) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-09 International Tractors

New Delhi City, India

International Tractors is a manufacturer of tractors and agricultural machinery. Established in 1995, International Tractors (ITL) is the flagship company of farm equipment manufacturer Sonalika Group. It produces tractors of up to 90 horsepower under the Sonalika Tractors and Renault Ceres Tractors brands, the latter a result of a joint venture with Renault Agriculture of France.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-23 Alliant Insurance Services

Irvine, California, United States

Alliant Insurance Services is a retail insurance broker providing property and casualty insurance and employee benefits products to over 15,000 commercial middle market clients nationwide. Alliant Insurance Services was founded in 1925 and is based in Newport Beach, California.

Sell -
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