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Announced

NGP invested $100m in Wing Resources.

Financials

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Transaction Value£81m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

oil & gas company

Integrated Oil and Gas

Private

Friendly

United States

Minority

Private Equity

Single Bidder

Synopsis

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NGP, a premier private equity firm, invested $100m in Wing Resources, a Permian Basin focused mineral and royalty acquisition company. “NGP is excited and grateful to partner with the Wing IV team,” said James Wallis, Partner at NGP. “We are thrilled to work again with such an energetic, disciplined and skilled company and are pleased to continue the partnership. We respect the dynamic culture, entrepreneurial instincts, and market vision that will position Wing IV for success.”

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