Houston Natural Resources completed the acquisition of a 40% stake in Rhino Energy.

Synopsis

Houston Natural Resources, a diversified energy company, completed the acquisition of a 40% stake in Rhino Energy, an energy company. Financial terms were not disclsoed. Houston Natural Resources has engaged legal counsel, auditors and an underwriter for its listing on to NASDAQ which it expects to file in the second quarter this year.

Principals

target

Rhino Energy

bidder

Cunningham Natural Resources Corp

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Market Context

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Seller Team (1)

karl osterbuhr

CEO at RHINO ENERGY

Manager

target

Deal

n/a

Total Value

Bidder Team (1)

donald h. goree

CEO at CUNNINGHAM NATURAL RESOURCES CORP

Manager

bidder

Deals

£ 165 M

Total Value

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