Eaton Partners Serves as Exclusive Placement Agent to Formentera Partners
July 10 2023 - 8:30AM
Eaton Partners (“Eaton”), one of the largest placement agents and
financial advisory firms and a wholly owned subsidiary of Stifel
Financial Corp. (NYSE: SF), is pleased to announce that it served
as the exclusive placement agent for Formentera Partners
(“Formentera”) and its Formentera Partners Fund II, L.P. (“Fund
II”). Formentera is a leading energy-focused private equity firm
that acquires and optimizes onshore producing oil and gas assets
and strategically develops assets under management.
Fund II closed oversubscribed in less than a
year of fundraising with $828.5 million in capital commitments,
exceeding its $600 million target with support from a diverse group
of new and existing investors, including pension plans, asset
managers, insurance companies, endowments, registered investment
advisors, and family offices.
“Formentera’s proven track record and unique
operational approach allowed us to attract a notable group of
institutional investors, especially during this time of dislocation
in global energy markets,” said Jeff Eaton, Global Co-Head and
Managing Director at Eaton Partners. “We value our partnership with
the Formentera team and wish them continued success.”
“We believe there’s a growing supply and demand
imbalance within the energy sector, which should fuel a robust deal
pipeline through the remainder of 2023 and beyond,” noted Blake
London, Managing Partner at Formentera Partners. “We are very
appreciative of the support from our investors who believe in our
strategy for energy investing, from Eaton Partners for helping
connect us with some of the most thought-leading investors in the
marketplace, and our remarkable Formentera team.”
About Eaton PartnersEaton
Partners, is one of the world’s largest capital placement agents
and fund advisory firms, having raised more than $140 billion for
over 185 highly differentiated alternative investment funds and
offerings. Eaton Partners is a division of Stifel, Nicolaus &
Company, Incorporated, Member SIPC and NYSE. For more information,
please visit https://eaton-partners.com/.
About Formentera
PartnersFormentera Partners is an energy-focused private
equity strategy founded by Bryan Sheffield and Blake London in
2020. Partners Paul Treadwell and Stephanie Reed joined the firm in
2021 and 2022, respectively, and together, the partners have worked
closely with one another for more than a decade.
Based in Austin, Texas, Formentera responsibly
acquires and optimizes producing oil and gas assets in onshore
United States basins and strategically develops the assets under
management. The Formentera team leverages substantial experience in
operations, engineering, and finance to drive continued success and
utilizes strict diligence criteria, hedging, streamlined structure,
and new age technology to produce visible and predictable income
returns.
About Stifel Stifel Financial
Corp. (NYSE: SF) is a financial services holding company
headquartered in St. Louis, Missouri, that conducts its banking,
securities, and financial services business through several wholly
owned subsidiaries. Stifel’s broker-dealer clients are served in
the United States through Stifel, Nicolaus & Company,
Incorporated, including its Eaton Partners business division;
Keefe, Bruyette & Woods, Inc.; Miller Buckfire & Co., LLC;
and Stifel Independent Advisors, LLC. The Company’s broker-dealer
affiliates provide securities brokerage, investment banking,
trading, investment advisory, and related financial services to
individual investors, professional money managers, businesses, and
municipalities. Stifel Bank and Stifel Bank & Trust offer a
full range of consumer and commercial lending solutions. Stifel
Trust Company, N.A. and Stifel Trust Company Delaware, N.A. offer
trust and related services. To learn more about Stifel, please
visit the Company’s website at www.stifel.com. For global
disclosures, please visit
https://www.stifel.com/investor-relations/press-releases.
Media Contact Neil Shapiro, +1 (212) 271-3447
shapiron@stifel.com
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