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Announced

Completed

EnCap Investments completed a $300m investment in Pegasus Resources.

Financials

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Transaction Value£231m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Integrated Oil and Gas

Private Equity

Single Bidder

Minority

Completed

oil and gas company

Friendly

United States

Acquisition

Synopsis

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Private equity firm EnCap Investments completed a $300m investment in Pegasus Resources, a mineral and royalty company based in Fort Worth, Texas, focused on the acquisition and management of properties primarily located in the Permian Basin. "This second infusion of equity is a testament to our confidence in the Pegasus team and their overall development strategy. We look forward to continuing our successful partnership and being part of the Pegasus growth story," David Miller, EnCap Co-Founder and Managing Partner.

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