Investment Summary

EnCap Investments and Yorktown Partners Invest In Solar Proponent

On December 8, 2020, growth capital firm EnCap Investments and private equity firm Yorktown Partners invested in renewable energy company Solar Proponent

Investment Highlights
  • This is EnCap Investments’ 2nd and Yorktown Partners’ 2nd transaction in the Renewable Energy sector.
  • This is EnCap Investments’ 103rd and Yorktown Partners’ 4th transaction in the United States.
  • This is EnCap Investments’ 77th and Yorktown Partners’ 4th transaction in Texas.

Investment Summary

Date 2020-12-08
Target Solar Proponent
Sector Renewable Energy
Investor(s) EnCap Investments
Yorktown Partners
Deal Type Growth Capital

Target

Solar Proponent

Austin, Texas, United States
Solar Proponent is focused on developing high-quality utility-scale solar power projects to accelerate the U.S. transition to renewable energy and help shape a more diverse, reliable and sustainable power grid. Solar Proponent was founded in 2020 and is based in Austin, Texas.

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Investor(S) 2

Investor

EnCap Investments

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1988
PE ASSETS 38.0B 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 105 of 120
Sector: Renewable Energy M&A 2 of 6
Type: Growth Capital M&A Deals 9 of 15
State: Texas M&A 77 of 90
Country: United States M&A 103 of 118
Year: 2020 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-17 Encino Environmental Services

Katy, Texas, United States

Encino Environmental Services is an environmental consulting firm that specializes in emissions testing, leak detection and repair (LDAR) and continuous emission monitoring systems (CEMs). Encino Environmental Services was founded in 2010 and is based in Katy, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Pegasus Resources II

Fort Worth, Texas, United States

Pegasus Resources II is focused on acquiring mineral and royalty interests in proven oil and gas resource plays, specifically the Permian Basin. Pegasus Resources II is based in Fort Worth, Texas.

Buy -
Investor

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 4 of 4
Sector: Renewable Energy M&A 2 of 2
Type: Growth Capital M&A Deals 3 of 3
State: Texas M&A 4 of 4
Country: United States M&A 4 of 4
Year: 2020 M&A 1 of 1
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
2022-02-02 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.

Sell -