Enverus Enters Next Phase of Growth With Agreement for Hellman & Friedman to Purchase a Majority Stake From Genstar Capital

Austin, TX (April 13, 2021) — Enverus, the main world vitality knowledge analytics and SaaS expertise firm, in the present day introduced an settlement for Hellman & Friedman (H&F), a premier world non-public fairness agency, to amass majority possession of Enverus. Genstar Capital (Genstar), which has been Enverus’ majority proprietor since 2018, will stay a big shareholder following the transaction.

Enverus is the main SaaS firm solely devoted to the world’s largest market — vitality. Enverus empowers firms to remodel conventional determination making by accessing modern cloud expertise, machine studying/AI and industry-leading mental capital. With greater than 1,400 professionals and 6,000 clients throughout your entire vitality combine, Enverus supercharges the {industry} to ship dependable, cleaner and less expensive vitality to the globe. Our clients embody 21 of the Top 25 Global Energy Companies, from E&P and midstream firms to energy and utilities.
The funding marks a big milestone for Enverus, enabling continued management, world development and innovation.

“The investment from H&F and continued partnership with Genstar will enable Enverus to accelerate our development of market-leading software and analytics solutions for companies that serve the energy industry. H&F brings a wealth of experience in the software sector, and they are eager to support our vision of providing customers with the most accurate and actionable intelligence available so they can deliver energy to the world,” mentioned Jeff Hughes, chief govt officer of Enverus.

Hughes added, “The investment is a strong signal in support of Enverus’ growth in predictive analytics, artificial intelligence and machine learning capabilities. We will continue helping our oil and gas customers break new ground with these technologies while also aggressively expanding them into renewable energy, power and ESG Analytics.”

“We are seeing a technology revolution in the energy sector and Enverus is the clear leader providing world-class SaaS solutions and innovation,” mentioned Ben Farkas, accomplice at H&F. “The company’s state-of-the-art platform offers robust technology and powerful analytics delivering mission-critical insights to the world’s largest industry. This investment is an example of H&F’s strategy to invest in high-quality, market-leading businesses with an impressive runway for growth. We are excited to partner with Jeff Hughes, the Enverus leadership team and Genstar, as the company continues to help customers leverage the full potential of this digital transformation.”

“We have been extremely gratified by our partnership with the Enverus management team and their success combining a suite of product offerings and sophisticated data analytics platform for energy providers. Through organic growth and accretive acquisitions, Enverus has established itself as the technology leader in the energy market and we are excited to continue to support Enverus’ growth trajectory in collaboration with H&F,” added Eli Weiss, managing director at Genstar.

Goldman Sachs & Co. LLC served as monetary advisor to Enverus and Simpson Thacher & Bartlett LLP acted as authorized advisor to Enverus. Credit Suisse acted as monetary advisor and Kirkland & Ellis LLP acted as authorized advisor to H&F.

About Enverus
Enverus is the main vitality SaaS firm delivering highly-technical insights and predictive/prescriptive analytics that empower clients to make selections that enhance revenue. Enverus’ modern applied sciences drive manufacturing and funding methods, allow finest practices for vitality and commodity buying and selling and threat administration, and cut back prices by automated processes throughout important enterprise features. Enverus is a strategic accomplice to greater than 6,000 clients in 50 international locations. Learn extra at Enverus.com.

About Hellman & Friedman
Hellman & Friedman is a preeminent world non-public fairness agency with a particular strategy targeted on investments in high-quality development companies. H&F seeks to accomplice with world-class administration groups the place its deep sector experience, long-term orientation and collaborative partnership strategy allow firms to flourish. Since its founding in 1984, H&F has raised over $50 billion of dedicated capital, invested in over 90 firms and is presently investing its ninth fund, with $16.5 billion of dedicated capital. Learn extra about H&F’s defining funding philosophy and strategy to sustainable outcomes at www.hf.com.

About Genstar Capital
Genstar Capital (www.gencap.com) is a number one non-public fairness agency that has been actively investing in prime quality firms for over 30 years. Based in San Francisco, Genstar works in partnership with its administration groups and its community of strategic advisors to remodel its portfolio firms into industry-leading companies. Together with Genstar X and all lively funds, Genstar presently has roughly $33 billion of property underneath administration and targets investments targeted on focused segments of the monetary companies, healthcare, industrials and software program industries.

Media Contacts
Enverus: Jon Haubert | 303.396.5996
H&F: Winnie Lerner | 917.375.5652
Genstar: Chris Tofalli | 914.834.4334

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