Global investment groups to jointly pursue opportunities in the European and Australian energy industries
GENEVA, HOUSTON, ROTTERDAM, 22 March 2010 — Quantum Energy Partners, a leading provider of private equity to the energy industry, and the Indofin Group, a globally operating investment group, today announced that Indofin and Quantum’s Fund V have formed a joint venture to pursue investment opportunities in the energy sector. The Joint Venture will primarily focus on private equity investments in companies engaged in oil and gas production, energy services and mining with operations principally located in the European Union and Australia.
The Joint Venture will target investment opportunities between USD $100 million and USD $200 million and will seek to partner with and invest alongside proven, entrepreneurial management teams who have a strategy for growth and value creation based on sustainable and defensible competitive advantages.
For more than a decade Quantum has been successfully investing in energy companies located in the United States and Canada. Likewise, Indofin has maintained a strong track record as an active equity investor in operating companies within the energy and mining sectors for over 40 years. Indofin has been a partner with, and investor in, Quantum since 2002. The Joint Venture will further leverage the combined technical, operational, strategic and financial capabilities of the respective Quantum and Indofin organizations to identify, invest in and grow operating companies capable of achieving critical mass in the energy and mining industries.
Indofin and Quantum intend to pursue investments in companies across the energy value chain, including those engaged in the upstream, midstream and energy services sectors.
In the upstream sector, Joint Venture targets could potentially include acquisition strategies focused on enhancing the value of mature oil and gas fields, unconventional oil and gas resource development strategies utilizing state of the art drilling and completions technologies, and low to moderate risk exploration strategies.
In other sectors, the Joint Venture will seek to capitalize on recent breakthroughs in the development of unconventional resources (e.g. shale gas) in North America. As a result of these innovations, estimates of potential natural gas reserves in Europe and Australia have significantly increased, creating a worldwide need for new natural gas infrastructure such as storage and transportation and for new specialized energy service companies.
Cees J. de Bruin, Indofin’s founder and Chairman, stated, “In our opinion, the European gas market at this time provides a unique opportunity that has the potential to transform our way of thinking about energy resources for decades to come. Unconventional gas production technologies have become more and more cost efficient, greatly impacting global gas reserves. In Europe these technologies can provide further advantages, potentially changing current energy supply and demand issues as well as traditional pricing. As such, we are excited about the opportunity to have a partner like Quantum who has a deep understanding of these emerging oil and gas development technologies and their potential impact on the industry.”
“Quantum is honored to be partnered with Cees de Bruin and his team at Indofin,” said S. Wil VanLoh, Jr., Co-Founder and Chief Executive Officer of Quantum. “Indofin’s accomplished management team has a proven track record of successfully investing capital in the energy industry and an unmatched network of global relationships. We are thrilled to be associated with such an exceptional organization and believe that the Joint Venture is well positioned to execute and create value for Quantum’s investors.”
About the Indofin Group
The Indofin Group is a globally operating investment group with offices in Geneva, Houston, Paris and Rotterdam. Founded in 1968, Indofin is actively involved in the provision of private equity and the management of companies in Europe, the United States, Canada, Australia and Asia, through minority and majority participations. Indofin has equity investments across broad sectors such as energy services, natural resources, offshore engineering, shipping, technology, media, specialised ship building and real estate. Indofin is still 100% owned by the De Bruin family.
To learn more about the Indofin Group, please visit Indofin’s website at www.indofin.com. For further information please contact Pieter van Dongen at 41-22-310-2044.
About Quantum Energy Partners
Founded in 1998, Quantum Energy Partners is a leading provider of private equity to the global energy industry with more than $5.7 billion of assets under management. Quantum remains committed to the same investment strategy it has successfully refined since its founding, targeting investment opportunities between $100 million and $400 million with proven management teams that possess a clear vision and whose companies have sustainable competitive advantages within well-defined segments or strategies in the energy industry. Quantum primarily focuses on the oil and gas upstream, midstream and power sectors, but considers opportunities across the entire energy industry.
To learn more about Quantum Energy Partners, please visit Quantum’s website at www.quantumep.com. For investor relations, please contact Michael Dalton at (713) 452-2000.