M&A Deal Summary

Vitol Holding B.V. Acquires ATX Energy Partners

On February 2, 2022, Vitol Holding B.V. acquired oil/gas exploration company ATX Energy Partners from Warburg Pincus, Yorktown Partners and Pine Brook Partners

Acquisition Highlights
  • This is Vitol Holding B.V.’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Vitol Holding B.V.’s 1st transaction in the United States.
  • This is Vitol Holding B.V.’s 1st transaction in Texas.

M&A Deal Summary

Date 2022-02-02
Target ATX Energy Partners
Sector Oil/Gas Exploration
Buyer(s) Vitol Holding B.V.
Sellers(s) Warburg Pincus
Yorktown Partners
Pine Brook Partners
Deal Type Merger

Target

ATX Energy Partners

Austin, Texas, United States
ATX Energy Partners is an exploration and production company focused on the acquisition and development of acreage positions in unconventional domestic oil and liquids resource plays. ATX Energy Partners was founded in 2017 and is based in Austin, Texas.

Search 206,010 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Vitol Holding B.V.

Rotterdam, Netherlands

Category Company
Sector Energy Services and Equipment
Employees4,346
Revenue 303.0B USD (2012)
DESCRIPTION

Vitol is an energy trading company that ships petroleum products, ethanol, dry goods (coal, sugar), liquid natural gas and liquid petroleum gas, and chemicals around the world.


DEAL STATS #
Overall 2 of 2
Sector: Oil/Gas Exploration M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-24 VTTI

Rotterdam, Netherlands

VTTI is an independent global marine terminal businesses that, through its subsidiaries and partnership interests, owns and operates approximately 54 million barrels2 of petroleum products storage across 13 terminals located on five continents. VTTI is based in Rotterdam, Netherlands.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-04 Vencer Energy

Midland, Texas, United States

Vencer Energy owns and operates quality assets with stable production while continuing to seek acquisitions that would add accretive value. The Company’s operations are focused in the Midland Basin of West Texas; potential acquisition targets are scalable, operated assets with long-life reserves and low base decline. Formed in 2020, Vencer Energy is based in Houston, Texas, and regionally in Midland, Texas.

Sell $2.2B

Seller(S) 3

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 230 of 256
Sector: Oil/Gas Exploration M&A 22 of 25
Type: Merger M&A Deals 11 of 12
State: Texas M&A 24 of 27
Country: United States M&A 127 of 142
Year: 2022 M&A 2 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-10 Navitas Midstream

The Woodlands, Texas, United States

Navitas Midstream is a producer-focused midstream company that provides a full slate of midstream services including gathering, treating, processing, fractionation, and pipeline transportation of natural gas, natural gas liquids, condensate and crude oil. Navitas Midstream is based in The Woodlands, Texas.

Sell $3.3B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-09 Scandit

Zurich, Switzerland

Scandit engages in smart data capture giving superpowers to workers, customers, and businesses with unmatched speed, accuracy, and intelligence. Scandit Smart Data Capture platform enables smart devices, such as smartphones, drones, digital eyewear, and robots to capture data from barcodes, text, IDs, and objects to automate and provide insights for end-to-end processes. Scandit was founded in 2009 and is based in Zurich, Switzerland.

Buy -
SELLER

Yorktown Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1983
Size Small
Type Sector Focused
DESCRIPTION

Yorktown Partners is a specialist private investment firm that seeks investments in energy related businesses. Yorktown specifically targets investments in North American based oil/gas companies as well as infrastructure related assets such as pipelines. Typical equity investments range from $10 to $70 million. Yorktown Partners was formed in 1983 and is based in New York City.


DEAL STATS #
Overall 2 of 3
Sector: Oil/Gas Exploration M&A 2 of 2
Type: Merger M&A Deals 1 of 1
State: Texas M&A 2 of 3
Country: United States M&A 2 of 3
Year: 2022 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-17 Brigham Minerals

Austin, Texas, United States

Brigham Minerals is an oil and gas company. Brigham focuses on utilizing advanced exploration, drilling and completion technologies to explore, develop and produce onshore U.S. crude oil and liquids reserves.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-15 Jupiter Power

Austin, Texas, United States

Jupiter Power is a battery energy storage infrastructure platform with deep trading, analytics, development, finance, operations, and construction capabilities and unparalleled intellectual property in dispatch optimization. Jupiter Power is based in Austin, Texas.

Sell -
SELLER

Pine Brook Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2006
PE ASSETS 6.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Pine Brook Road Partners is a private equity group focused on growth capital investments in the energy and financial services sectors. Specific areas of interest within the energy sector include exploration, oilfield services, transportation/storage, power generation/distribution/transmission, and biofuel/renewable resources. Specific areas of interest within financial services include insurance, banks, asset management, specialty finance, and servicing/distribution/origination. Pine Brook generally acts as the lead/control investor in newly-formed or established businesses. The Firm has a special interest in 'underappreciated or overlooked' opportunities. Pine Brook Road Partners was formed in 2006 and is based in New York City.


DEAL STATS #
Overall 22 of 25
Sector: Oil/Gas Exploration M&A 8 of 9
Type: Merger M&A Deals 1 of 1
State: Texas M&A 12 of 13
Country: United States M&A 17 of 19
Year: 2022 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-14 United Auto Credit

Fort Worth, Texas, United States

United Auto Credit is an automotive finance technology-enabled non-prime auto lender serving the independent dealer market. UACC has made significant investments in developing proprietary technology that has enabled it to adapt to the ever-changing market, scale efficiently and generate operating leverage. United Auto Credit is based in Fort Worth, Texas.

Sell $300M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-05-31 Cahill Services

Houston, Texas, United States

Cahill Services is a provider of specialty rental services to customers in the oil & gas, refining, industrial, petrochemicals, utilities and related industries where a high level of technical knowledge of the business and customer needs is required. Cahill Services is based in Houston, Texas.

Sell -