Investment Summary

Warburg Pincus and Kelso Invest In Zenith Energy

On August 4, 2014, private equity firms Warburg Pincus and Kelso invested in oil/gas exploration company Zenith Energy

Investment Highlights
  • This is Warburg Pincus’ 25th and Kelso’s 5th transaction in the Oil/Gas Exploration sector.
  • This is Warburg Pincus’ 139th and Kelso’s 43rd transaction in the United States.
  • This is Warburg Pincus’ 21st and Kelso’s 6th transaction in Texas.

Investment Summary
Date 2014-08-04
Target Zenith Energy
Sector Oil/Gas Exploration
Investor(s) Warburg Pincus
Kelso
Deal Type Growth Capital

Target

Zenith Energy

Houston, Texas, United States
Zenith Energy is a midstream company that owns and operates over 32 million barrels of renewable fuels, crude oil, petroleum products, chemicals, and vegetable oil storage across North American, Europe, and Latin America through its subsidiaries Zenith International and Zenith U.S. Zenith Energy was founded in 2014 and is based in Houston, Texas.

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Investor(S) 2

Investor

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 260 of 482
Sector (Oil/Gas Exploration) 25 of 40
Type (Growth Capital) 75 of 158
State (Texas) 21 of 39
Country (United States) 139 of 237
Year (2014) 20 of 25
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-04 Aicent

San Jose, California, United States

Aicent, Inc. is a provider of data network, messaging and roaming solutions to telecom network operators internationally. The company provides a platform for cross-border and cross-network data delivery solutions to mobile network operators serving more than three billion mobile users worldwide.

Sell $292M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-06 Archimedes Pharma

Reading, United Kingdom

Archimedes is a pharmaceutical company with an established commercial organisation in the UK, France, Germany, Ireland and Spain.

Sell £230M
Investor

Kelso

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1971
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.

DEAL STATS #
Overall 52 of 81
Sector (Oil/Gas Exploration) 5 of 6
Type (Growth Capital) 6 of 11
State (Texas) 6 of 11
Country (United States) 43 of 70
Year (2014) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-03-26 Global Geophysical Services

Missouri City, Texas, United States

Global Geophysical Services, Inc. provides an integrated suite of Geoscience solutions to the global oil and gas industry including high-resolution RG-3D Reservoir GradeSM seismic data acquisition, multi client data library products, seismic and microseismic monitoring, processing, reservoir characterization and data analysis, interpretation services, and Autoseis® autonomous recording equipment.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-20 Oasis Outsourcing

West Palm Beach, Florida, United States

Oasis Outsourcing is a Florida-based Professional Employer Organization (PEO) serving almost 230,000 employees and 7,500 clients nationwide. Founded in 1996, it specializes in providing human resources services, employee benefits administration, payroll and tax administration, risk management services and staffing solutions to small- and medium-sized businesses throughout the United States. Oasis is accredited by the Employer Services Assurance Corporation (ESAC), ensuring the highest level of ethical, financial and operational standards in the PEO industry and has received SOC 1 Type II (formerly SAS 70) certification for its high level of accuracy and performance. Oasis, through its subsidiaries, is qualified to offer IRS-certified professional employer organization (CPEO) services.

Buy -
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