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New Deal


Announced

Andros Capital Partners to acquire a portfolio of mineral and royalty interests located in the Midland Basin, Delaware Basin, and Eagle Ford Shale for $122m.

Financials

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Transaction Value£109m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Private Equity

Domestic

United States

Integrated Oil and Gas

Acquisition

Majority

Pending

mineral driller

Private

Friendly

Synopsis

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Andros Capital Partners, a private equity firm, agreed to acquire a portfolio of mineral and royalty interests located in the Midland Basin, Delaware Basin, and Eagle Ford Shale, for $122m. “We are excited to establish Andros Minerals as a direct mineral and royalty acquisition platform with this initial acquisition. A tremendous amount of private capital has been invested in minerals over the past decade and is looking for an exit. We believe we are uniquely positioned as the appropriate long-term owner of these assets and will continue to acquire and aggregate mineral and royalty interests at scale across the most active US basins,” Phillip A. Gayle, Andros Founder and Managing Partner.

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