M&A Deal Summary

Yorktown Partners, Actis Capital and EnCap Investments Acquire Catalyze

On January 1, 2019, private equity firm Yorktown Partners, private equity firm Actis Capital and growth capital firm EnCap Investments acquired renewable energy company Catalyze

Acquisition Highlights
  • This is Yorktown Partners’ 1st, Actis Capital’s 13th and EnCap Investments’ 1st transaction in the Renewable Energy sector.
  • This is Yorktown Partners’ 3rd, Actis Capital’s 8th and EnCap Investments’ 100th transaction in the United States.
  • This is Yorktown Partners’ 3rd, Actis Capital’s 3rd and EnCap Investments’ 74th transaction in Texas.

M&A Deal Summary

Date 2019-01-01
Target Catalyze
Sector Renewable Energy
Buyer(s) Yorktown Partners
Actis Capital
EnCap Investments
Deal Type Buyout (LBO, MBO, MBI)

Target

Catalyze

Houston, Texas, United States
Catalyze is a developer and independent power producer of renewable energy, storage, and electric vehicle projects. The company owns and operates integrated renewable assets and leverages its proprietary technology, financial strength, and EV expertise to deliver adaptable systems that help partners maximize asset value, manage their energy profile, and participate in the clean energy transition. Catalyze was founded in 2017 and is based in Houston, Texas.

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Buyer(S) 3

Buyer

Yorktown Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
Size Middle-Market
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, New York.


DEAL STATS #
Overall 3 of 4
Sector: Renewable Energy M&A 1 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Texas M&A 3 of 4
Country: United States M&A 3 of 4
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-15 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.

Buy -
FOLLOWING 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 -
Buyer

Actis Capital

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 26.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Actis Capital is a private equity firm focused on investments in emerging markets. Actis segments its investment activity into three areas. These include private equity, energy, and real estate. Actis' private equity team looks for buyout and growth capital opportunities requiring at least $50 million in financing. Depending on the situation, Actis will consider both controlling and minority investment situations. Sectors of interest include financial services, consumer and retail, business services, and industrial. Actis' energy group seeks to invest in in a variety of energy and utility projects. Actis' real estate team invests equity capital in office, residential, industrial, hotel and retail projects. Actis Capital was established in 2004 and is based in London, United Kingdom.


DEAL STATS #
Overall 137 of 163
Sector: Renewable Energy M&A 13 of 25
Type: Buyout (LBO, MBO, MBI) M&A Deals 42 of 52
State: Texas M&A 3 of 3
Country: United States M&A 8 of 8
Year: 2019 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 Java House

Nairobi, Kenya

Java House owns and operates a chain of coffee houses. Java House operates commercial coffee roasteries, providing quality coffee and bean sales to its own stores and to supermarkets, hotels, restaurants and wholesale buyers. Java House was founded in 1999 and is based in Nairobi, Kenya.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-29 Yellow Door Energy

Dubai, United Arab Emirates

Yellow Door Energy is a distributed Commercial & Industrial (“C&I”) solar platform in the Middle East and Africa (“MEA”) region with around 200MW of secured production capacity. Yellow Door Energy is based in Dubai, United Arab Emirates.

Buy -
Buyer

EnCap Investments

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1988
PE ASSETS 47.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

EnCap Investments is a private equity firm focused on the US energy sector. EnCap specifically looks for upstream and midstream opportunities within the oil and gas industry. EnCap generally partners with seasoned management when pursuing investments. EnCap Investments has offices in Dallas and Houston.


DEAL STATS #
Overall 102 of 120
Sector: Renewable Energy M&A 1 of 6
Type: Buyout (LBO, MBO, MBI) M&A Deals 60 of 68
State: Texas M&A 74 of 90
Country: United States M&A 100 of 118
Year: 2019 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-11 Piedra Energy IV

Midland, Texas, United States

Piedra Energy IV is formed to acquire, maintain, drill, develop, and operate oil and gas interests in continental United States. Piedra Energy IV is based in Midland, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-01 Paloma Partners V

Houston, Texas, United States

Paloma Partners V is an oil and gas companies focused on the acquisition and development of acreage in the United States. Paloma Partners V is based in Houston, Texas.

Buy -