Energy Evolution Master Fund Converts Debt into Equity in Empire Petroleum

LDC Takes Minority Stake in Evolution Funding

February 19, 2019

Payments & Fintech

Mid-market private equity investor LDC has taken a significant minority stake in Evolution Funding in a transaction that values the business at £110 million. The deal is backed by acquisition finance from Santander and Aviva Investors; Evolution will remain led by its co-founders and will use the capital to scale its Evolve technology, expand its dealer and direct-to-consumer propositions, and grow its UK presence.

Evolution Capital Partners Makes Growth Investment in Empire Dental Arts

January 6, 2020

Dental

Evolution Capital Partners LLC announced a growth investment in Empire Dental Arts, a dental partnership organization founded by Dr. D. Todd Russell and headquartered in Mentor, Ohio. The investment — the first from Evolution's Fund IV — will support Empire's expansion of centralized administrative and operational services for a network of dental practices in Northeast Ohio.

Main Street Capital Recapitalizes Victory Energy Operations

October 8, 2024

Manufacturing

Main Street Capital Corporation invested $74.4 million to support a majority recapitalization of Victory Energy Operations, partnering with an unnamed co-investor and Victory's founder and management team. The transaction included first-lien senior secured term debt and a direct equity investment and facilitated the buyout of an institutional investor.

Enviva Partners Acquires Enviva Holdings in Simplification Transaction

October 15, 2021

Renewable Energy

Enviva Partners, LP completed a GP buy-in acquiring 100% of Enviva Holdings, LP and eliminated its incentive distribution rights (IDRs) in exchange for 16 million EVA common units (approx. $870 million based on a 20‑day VWAP). The transaction simplifies the corporate structure, enables a planned conversion from an MLP to a C‑Corp (Enviva Inc.), and is intended to lower Enviva’s cost of capital, expand its investor base, and retain incremental cash flow for growth.

Energy Transfer to Acquire Crestwood Equity Partners in $7.1 Billion All-Equity Deal

August 16, 2023

Energy

Energy Transfer LP will acquire Crestwood Equity Partners LP in an all-equity transaction valued at approximately $7.1 billion, including the assumption of about $3.3 billion of debt. The merger is expected to close in the fourth quarter of 2023, subject to approvals and customary closing conditions.

Energy Capital Partners Acquires Majority Interest in PROENERGY

September 5, 2024

Energy

Energy Capital Partners (ECP) has acquired a majority interest in PROENERGY Holdings, a vertically integrated aeroderivative gas turbine platform with a 2.4 GW fleet of contracted peakers and global turbine services. The transaction (terms not disclosed) transfers control from affiliates of Eos Partners and ACON Investments to ECP, which will support PROENERGY's platform expansion, growth initiatives, and continued operations under existing leadership.