Investment Summary

TPG and NGP Invest In Rubicon Carbon

On November 29, 2022, private equity firms TPG and NGP invested in environmental company Rubicon Carbon

Investment Highlights
  • This is TPG’s 4th and NGP’s 1st transaction in the Environmental sector.
  • This is TPG’s 270th and NGP’s 63rd transaction in the United States.
  • This is TPG’s 85th and NGP’s 5th transaction in California.

Investment Summary

Date 2022-11-29
Target Rubicon Carbon
Sector Environmental
Investor(s) TPG
NGP
Deal Type Growth Capital

Target

Rubicon Carbon

Marina del Rey, California, United States
Rubicon Carbon is a carbon credit solutions provider that helps companies manage and offset emissions through diversified, high-integrity carbon credit portfolios. Rubicon Carbon was founded in 2022 and is based in Marina del Rey, California.

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Investor(S) 2

Investor

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1992
PE ASSETS 296.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.


DEAL STATS #
Overall 415 of 451
Sector: Environmental M&A 4 of 6
Type: Growth Capital M&A Deals 69 of 74
State: California M&A 85 of 88
Country: United States M&A 270 of 298
Year: 2022 M&A 16 of 17
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-09 Five Star Business Finance

Chennai, India

Five Star Business Finance is a non-bank finance company providing loans to nearly 40,000 customers. The company focuses on lending to the under-banked population, which typically lacks the financial records necessary to participate in the organized financial sector. Five Star Business Finance was founded in 1984 and is headquartered in Chennai, Tamilnadu.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-14 Grihum Housing Finance

Pune, India

Grihum Housing Finance is an affordable housing finance company in India. The Company is engaged in making homeownership a reality for those who have generally been overlooked by India’s mainstream lenders. Grihum Housing Finance is based in Pune, Maharashtra.

Buy -
Investor

NGP

Dallas, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 25.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Natural Gas Partners is a specialist private equity firm focused on investments in the energy industry. The Firm looks for opportunities in oil and gas production, as well as midstream and oilfield service companies. Natural Gas Partners will also consider start-up company investments. The Firm's investments range from $20 to $100 million. Natural Gas Partners is an affiliate of energy investment firm NGP Energy Capital Management. The Group was formed in 1988 and is headquartered in Irving, Texas with additional offices in Houston; Santa Fe, New Mexico; Stamford, Connecticut; and London.


DEAL STATS #
Overall 71 of 80
Sector: Environmental M&A 1 of 2
Type: Growth Capital M&A Deals 26 of 32
State: California M&A 5 of 6
Country: United States M&A 63 of 70
Year: 2022 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-14 Cygnet Energy

Calgary, Alberta, Canada

Cygnet Energy is a private company focused on capturing scalable resource opportunities in the Western Canadian Sedimentary Basin with low-cost, repeatable results capable of generating long-term free cash flow. Cygnet Energy is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 Mallard Exploration

Denver, Colorado, United States

Mallard Exploration is an upstream oil and gas acquisition and development company. Mallard Exploration is based in Denver, Colorado.

Sell -