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CARNELIAN ENERGY CAPITAL

HQ - Houston, Texas

Summary

Carnelian Energy Capital Management operates as a private equity firm. The Company focuses on lower-to-middle market equity investments in the North American upstream, midstream, and oilfield services sectors in partnership with management teams.

Deals Overview

Total Deals9

Valued Deals4

Total Value£ 1.20 B

Avg. Deal Size£ 299 M

Market Context

Subsidiaries

PERIDOT ACQUISITION

1 transaction

Senior Management

Dillon MacDonald
Principal
Tomas Ackerman
Partner
Kevin Goodman
Managing Director

Investment Criteria

Target Equity CheckUSD 35-75m

Fund Currency-

Total funds raised$500m-1bn

Investment Strategies

Natural Resources

Geographic Preferences

Canada

Mexico

United States

Industry Preferences

Energy and Power

Sort

24 Mar 2020|United States|Integrated Oil and Gas

Target: PERCUSSION PETROLEUM II LLC

Bidder: CARNELIAN ENERGY CAPITAL

3 Service Providers

2 Target | 1 Bidder

4 Dealmakers

3 Target | 1 Bidder

n/a

Value

30 Jun 2020|United States|Integrated Oil and Gas

Target: HAWTHORNE ENERGY

Bidder: CARNELIAN ENERGY CAPITAL

3 Service Providers

2 Target | 1 Bidder

7 Dealmakers

6 Target | 1 Bidder

n/a

Value

16 Feb 2021|Canada|Environmental / Waste Management

Target: LI-CYCLE

Bidder: CARNELIAN ENERGY CAPITAL

17 Service Providers

10 Target | 7 Bidder

82 Dealmakers

28 Target | 54 Bidder

£ 701 M

Value

02 Feb 2021|United States|Energy / Utility Services

Target: VOLTAGRID

Bidder: CARNELIAN ENERGY CAPITAL

7 Service Providers

1 Target | 6 Bidder

10 Dealmakers

2 Target | 8 Bidder

£ 53 M

Value

14 Dec 2021|United States|Integrated Oil and Gas

Target: RIDGEMAR ENERGY

Bidder: CARNELIAN ENERGY CAPITAL

3 Service Providers

2 Target | 1 Bidder

4 Dealmakers

3 Target | 1 Bidder

n/a

Value

11 Jul 2023|United States|Offshore Drilling and Other Services

Target: ALTA MAR ENERGY

Bidder: CARNELIAN ENERGY CAPITAL

3 Service Providers

2 Target | 1 Bidder

3 Dealmakers

2 Target | 1 Bidder

n/a

Value

06 Jun 2023|India|IT Services: Other

Target: COURSE5 INTELLIGENCE

Bidder: IIFL ASSET MANAGEMENT

6 Service Providers

2 Target | 4 Bidder

16 Dealmakers

12 Target | 4 Bidder

£ 42 M

Value

04 Dec 2024|Canada|Integrated Oil and Gas

Target: VESTA ENERGY

Bidder: PARALLAX ENERGY

11 Service Providers

1 Target | 10 Bidder

21 Dealmakers

2 Target | 19 Bidder

n/a

Value

05 Dec 2024|United States|Integrated Oil and Gas

Target: APEX ENERGY II (NATURAL GAS UPSTREAM AND ASSOCIATED MIDSTREAM BUSINESS)

Bidder: CNX RESOURCES CORPORATION

6 Service Providers

4 Bidder | 2 Vendor

3 Dealmakers

3 Bidder

£ 398 M

Value

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