M&A Deal Summary

Warburg Pincus Acquires Citizen Energy

On October 1, 2019, private equity firm Warburg Pincus acquired oil/gas exploration company Citizen Energy

Acquisition Highlights
  • This is Warburg Pincus’ 39th transaction in the Oil/Gas Exploration sector.
  • This is Warburg Pincus’ 199th transaction in the United States.
  • This is Warburg Pincus’ 3rd transaction in Oklahoma.

M&A Deal Summary
Date 2019-10-01
Target Citizen Energy
Sector Oil/Gas Exploration
Buyer(s) Warburg Pincus
Deal Type Buyout (LBO, MBO, MBI)

Target

Citizen Energy

Tulsa, Oklahoma, United States
Citizen Energy is an integrated oil and natural gas company engaged in the acquisition, development, production, exploration and sale of crude oil and natural gas properties located in Oklahoma, primarily targeting the Meramec and Woodford Shale formations. In addition to its upstream properties, Citizen operates ~213 miles of natural gas gathering pipelines, 225 MMcf/d of gas processing capacity, and ~103 miles of water gathering pipelines. Citizen Energy is based in Tulsa, Oklahoma.

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Buyer(S) 1

Buyer

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 409 of 482
Sector (Oil/Gas Exploration) 39 of 40
Type (Buyout (LBO, MBO, MBI)) 75 of 86
State (Oklahoma) 3 of 3
Country (United States) 199 of 237
Year (2019) 18 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-28 inexio

Saarlouis, Germany

inexio is a fast-growing provider of fiber optic internet connections for retail and business customers in Germany. In the retail customer segment, growth is driven by rising data volumes and the growing use of video streaming, whilst in the business segment, fiber optic connections for small and medium-sized businesses are the key driver of growth. inexio is based in Saarlouis, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-02 Fetch Pet Insurance

New York, New York, United States

Fetch Pet Insurance is a provider of pet health insurance subscriptions services. Fetch Pet Insurance offers flexible coverage with the widest range of benefits and cover vet bills up to 90%. Fetch Pet Insurance is based in New York City.

Buy -
Mergr

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