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New Deal


Announced

Completed

Luminus Management led a $38m Series A-1 funding round in Battalion Oil Corporation.

Financials

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Transaction Value£30m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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United States

oil and gas exploration

energy company

Minority

Integrated Oil and Gas

Acquisition

Private Equity

Completed

Friendly

Single Bidder

Public

Cross Border

Synopsis

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Luminus Management, an investment management firm, led a $38m Series A-1 funding round in Battalion Oil Corporation, an independent energy company engaged in the acquisition, production, exploration and development of onshore oil and natural gas properties in the United States, with participation from Oaktree Capital Management and LSP Investment Advisors.

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