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UTEX Industries acquired by Rhone CapitalOn Dec. 15, UTEX Industries, a portfolio company of Audax Group, was acquired by Rhone Capital. |
W.A. Williamson joins Growth Capital Partners as managing directorW.A. "Buster" Williamson has joined Growth Capital Partners as managing director of the Southwest Mezzanine Investments (SMI) II Fund. |
Appetite for mezzanine funding ramps up in current market
Following a wave of consolidation in E&P companies in the late 2000s and the shedding of assets to delever, seasoned management teams jumped ship, spawning a generation of upstream start-ups.
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Appetite for mezzanine funding ramps up in current marketRequiring substantial capital, E&P companies have faced an uphill battle in the past year. Although access to credit is improving, the post-crisis financial landscape is highly conservative. In this environment, E&P companies are handicapped to fund future plans, and often encounter reduced borrowing bases sometimes greater than the amount of debt outstanding. Mezzanine capital financing fills the gap. |
Dejour secures mezzanine financing for project expansionCrude oil and natural gas company Dejour Enterprises Ltd. has signed a binding commitment letter securing a $5 million line of credit from an Alberta-based mezzanine lender. |
Reserve-based lending markets: from projects to borrowing bases
Reserve-based finance is a long established product suite in the bank market.
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A TOOL FOR GROWTH: Fundamentals of Mezzanine Finance
Capital is the lifeblood of the oil and gas industry, since discovering, developing, and purchasing oil and gas reserves requires substantial investment.
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The convergence of capital
Market changes in private debt capital markets for upstream oil and gas
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Growing need, size mismatches create dual capital challenge
The oil and gas industry is currently blessed with the greatest capital availability that we have seen in many years.
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Heavy Oil: An Interactive DiscussionLearn from and ask questions to experts in all facets of the oil sands business. |
Accelerate The Time To Oil With Gaming Technology!Michele Isernia, director of strategic alliances Oil&Gas industry, NVIDIA and Dr. Jeffrey Layton, enterprise technologist, High Performance Computing, Dell invite you to learn more about how GPUs (graphics processing units), created for gaming and visualization, are accelerating processing and simulation saving time and money while accelerating the time to oil. Sponsored by
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