Announced
Financials
Tags
Private Equity
Minority
Integrated Oil and Gas
Private
Acquisition
United States
onshore oil exploration
Domestic
Friendly
Pending
Single Bidder
Synopsis
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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