Service & Supply | Finance & Investing | New Company / Start-Ups | Capital Markets | Private Equity Activity
NGP Establishes Investment Group for Oilfield Services Sector
Print
|
Natural Gas Partners, through its most recent fund, NGP Natural Resources X, L.P., and NGP Energy Technology Partners II, L.P. have made a significant capital commitment to establish The Catapult Group.
Catapult invests primarily in start-up oilfield services companies established by experienced, entrepreneurial managers.
In addition to providing startup capital to Affiliates to fund general overhead and capital expenditures, Catapult will provide back-office services such as systems and consulting in accounting, finance, human resources, IT, legal, HSE and risk management services. These services help accelerate the launch of the business and serve as a resource to assist Affiliates in the growth of their companies. Catapult also provides board-level support throughout the life of the…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations