EQV Ventures 首次公开募股筹集 3.5 亿美元，用于勘探与生产和中游并购

EQV Ventures 报告称，“老化的私募股权基金持有约 750 亿美元的私人上游资产，未来五年可能需要流动性。”

尼莎
达博讷
石油和天然气投资者

新上市的 EQV Ventures Acquisition Corp. 拥有 3.5 亿美元现金可用于 E&P 和中游 M&A。

该特殊目的收购公司（SPAC）于 8 月 6 日以每股 10 美元的价格出售了 3500 万股，并于 8 月 7 日开始在纽约证券交易所以 EQVU 的股票代码交易。

对于 SPAC 而言，IPO 所得款项将以每单位 10 美元的价格存入托管账户，直至用于收购（通常在定价后的 24 个月内）。

这家总部位于犹他州帕克城的 SPAC 的发起方是俄克拉荷马城的 EQV 集团，该集团在 10 个州拥有 1,500 多口油井的非经营权益，由 75 家生产商运营。这些油井的产量中 38% 是液体。

BTIG LLC 是此次 IPO 的承销商。该公司有 45 天的时间购买最多 525 万个额外单位，以弥补超额配售。

并购

EQV 背后是一群能源投资者、金融家、交易商和土地经纪人，他们在 6 月份的 SPAC S-1 文件中报告称，他们计划积极参与 E&P 和中游并购活动。

EQV Ventures 在文件中报告称：“我们相信，通过收购位于被忽视的盆地中的成熟 E&P 及相关中游资产，可以获得独特且及时的可观回报，这些盆地拥有大量已探明开发生产 [PDP] 资产基础，且地质和运营风险有限。”

该公司还补充道，并购目标主要集中在美国或欧洲的PDP储备上。

EQV 表示：“我们相信，需要流动性的老化私募股权基金将在未来几年推动大量的 E&P 销售。”

其数据显示，“老化的私募股权基金持有约 750 亿美元的私人上游资产可能需要在未来五年内流动资金。”

管理

管理层包括首席执行官杰瑞·西尔维 (Jerry Silvey)，他也是赞助商 EQV Group 的董事长兼首席执行官。此前，西尔维曾在 Magnetar Capital 从事能源和基础设施工作，也曾在 RBC 工作。

总裁兼首席财务官泰森·泰勒 (Tyson Taylor) 是 EQV 集团的总裁，曾与西尔维在 Magnetar 共事。此前，他曾在 Star Peak Corp. II 工作，这是一家收购了 Benson Hill Inc. 的 SPAC，并在另一家 SPAC Star Peak Energy Transition Corp. 工作，该公司收购了 Stem Inc.

首席运营官 Mickey Raney 在 EQV Group 担任该职位。他与他人共同创立了能源投资者 Impact Energy Partners，并于 1980 年开始职业生涯，为 Hunt Energy Corp. 在俄克拉荷马州和怀俄明州钻井和完井。

首席会计官丹尼·默里 (Danny Murray) 在切萨皮克能源公司 (Chesapeake Energy Corp.)开始了他的会计职业生涯 。

执行副总裁 Grant Raney 是 EQV Group 土地业务副总裁，也是 Impact Energy Partners 的联合创始人。此前，他曾在 Chesapeake 从事土地业务。

首席战略官 Andrew McKinley 是 EQV 集团的业务发展主管。此前，他曾就职于投资银行 William Blair & Co. 和瑞士信贷。

EQV 集团首席投资官兼合伙人威尔史密斯 (Will Smith) 曾就职于私募股权投资者 Tailwater Capital 和 Bison Water Midstream、另类资本提供商 Crestline Investors Inc. 以及高盛全球自然资源集团。

原文链接/HartEnergy

EQV Ventures Raises $350MM in IPO for E&P, Midstream M&A

EQV Ventures reported “there is approximately $75 billion of private upstream assets held by aging private-equity funds that may require liquidity over the next five years.”

Nissa
Darbonne
Oil and Gas Investor

Newly public EQV Ventures Acquisition Corp. has $350 million in cash to deploy in E&P and midstream M&A.

The special-purpose acquisition corporation (SPAC) sold 35 million units at $10 each on Aug. 6 and began trading on the NYSE as EQVU on Aug. 7.

With SPACs, the IPO proceeds are put in escrow representing $10 per unit until deployed in an acquisition, typically within 24 months of pricing.

The Park City, Utah-based SPAC’s sponsor is EQV Group in Oklahoma City, which has non-op interests in more than 1,500 wells in 10 states operated by 75 producers. The wells’ output is 38% liquids.

BTIG LLC was the IPO’s book-running manager. It has 45 days to purchase up to 5.25 million additional units to cover over-allotments.

M&A

Behind EQV is a group of energy investors, financiers, dealmakers and a landman—all which reported in the SPAC’s S-1 filing in June that they plan to be active in E&P and midstream M&A.

“We believe that there is a unique and timely opportunity to achieve attractive returns by acquiring established E&P and related midstream assets within overlooked basins with significant proved developed producing [PDP] asset bases that have limited geologic and operational risks,” EQV Ventures reported in the filing.

The M&A targets are weighted to PDP reserves in the U.S. or Europe, it added.

“We believe that aging private-equity funds in need of liquidity will drive significant E&P sales over the next several years,” EQV said.

Its data show “approximately $75 billion of private upstream assets held by aging private-equity funds that may require liquidity over the next five years.”

Management

Management consists of CEO Jerry Silvey, who is also chairman and CEO of sponsor EQV Group. Prior, Silvey worked at Magnetar Capital in energy and infrastructure and at RBC.

Tyson Taylor, president and CFO, is president of EQV Group and worked with Silvey at Magnetar. Prior, he was with Star Peak Corp. II, a SPAC that bought Benson Hill Inc., and worked at another SPAC, Star Peak Energy Transition Corp., which bought Stem Inc.

Mickey Raney, COO, holds that position at EQV Group. He co-founded energy investor Impact Energy Partners and began his career in 1980, drilling and completing wells for Hunt Energy Corp. in Oklahoma and Wyoming.

Danny Murray, chief accounting officer, began his career in accounting at Chesapeake Energy Corp.

Grant Raney, executive vice president, is vice president of land at EQV Group and co-founded Impact Energy Partners. Prior, he worked in land for Chesapeake.

Andrew McKinley, chief strategy officer, is head of business development at EQV Group. Prior, he was with investment bankers William Blair & Co. and Credit Suisse.

Will Smith, chief investment officer and a partner in EQV Group, was with private-equity investor Tailwater Capital and Bison Water Midstream; alternative capital provider Crestline Investors Inc.; and in the global natural resources group at Goldman Sachs.