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Announced

Kayne Anderson Capital Advisors to invest $400m in Kraken Resources II.

Financials

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Transaction Value£290m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private Equity

Minority

Integrated Oil and Gas

Private

Acquisition

United States

onshore oil exploration

Domestic

Friendly

Pending

Single Bidder

Synopsis

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Kayne Anderson Capital Advisors, an alternative investment management firm, agreed to invest $400m in Kraken Resources II, a Houston-based, private energy company focused on the acquisition and development of onshore oil and gas assets. "Over the course of our nine-year partnership, the Kraken II management team has demonstrated the ability to successfully manage a large-scale asset base across a number of commodity price cycles. We are excited to both continue our existing commitment to Kraken I and also to partner with this accomplished team once again," Mark Teshoian, Kayne Anderson Managing Partner.

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