M&A Deal Summary

WG Energy Holdings Acquires WG Energy Holdings

On December 17, 2004, WG Energy Holdings acquired oil/gas exploration company WG Energy Holdings from Parallel Investment Partners for 83M USD

Acquisition Highlights
  • This is WG Energy Holdings’ 1st transaction in the Oil/Gas Exploration sector.
  • This is WG Energy Holdings’ largest (disclosed) transaction.
  • This is WG Energy Holdings’ 1st transaction in the United States.
  • This is WG Energy Holdings’ 1st transaction in Texas.

M&A Deal Summary

Date 2004-12-17
Target WG Energy Holdings
Sector Oil/Gas Exploration
Buyer(s) WG Energy Holdings
Sellers(s) Parallel Investment Partners
Deal Type Add-on Acquisition
Deal Value 83M USD

Target

WG Energy Holdings

Houston, Texas, United States
WG Energy is an oil and gas exploration and production company with significant acreage in North Texas and the Texas Panhandle.

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Buyer(S) 1

Buyer

WG Energy Holdings

Houston, Texas, United States

Category Company
Founded 2000
Sector Oil/Gas Exploration
DESCRIPTION

WG Energy is an oil and gas exploration and production company with significant acreage in North Texas and the Texas Panhandle.


DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2004) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Parallel Investment Partners

Dallas, Texas, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 600M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Parallel Investment Partners is a private equity firm focused on acquiring North American middle market companies. Parallel looks for companies generating at least $10 million in revenue and valued between $10 and $100 million. Sectors of interest include business services, financial services, energy exploration, energy services, healthcare services, medical products, restaurants, retail, education, engineered products, and light manufacturing. Prospective transaction situations include recapitalizations, growth capital financings, buyouts, and divestitures. Parallel Investment Partners was formed in 1999 and is based in Dallas Texas.


DEAL STATS #
Overall 4 of 19
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 2 of 6
State (Texas) 1 of 4
Country (United States) 4 of 19
Year (2004) 2 of 2
Size (of disclosed) 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-12-01 Teavana

Atlanta, Georgia, United States

Teavana is a specialty retailer offering a broad selection of specialty and flavored loose-leaf teas and tea-related merchandise through its mall-based stores.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-01-01 The Children s Place

Secaucus, New Jersey, United States

The Children's Place is a pure-play children’s specialty apparel retailer in North America. The Company designs, contracts to manufacture, sells and licenses to sell fashionable, high-quality merchandise at value prices, primarily under the proprietary “The Children’s Place”, "Place" and "Baby Place" brand names. The Children's Place was founded in 1969 and is based in Secaucus, New Jersey.

Sell -