[Context: CIC Partners announced an investment in San Antonio-based Activa Resources LLC, which is backed by Germany-based Activa Resources AG. CIC will pay $9..5m for a 66% stake, $7m of which will be used to reduce outstanding debt. CIC will also commit to provide an additional $2.5m by July 2017, according to a company press release.]
CIC Partners Announces Investment in Activa Resources, LLC
October 13, 2016 – Dallas, TX: CIC Partners (“CIC”), a Dallas-based private equity firm, is pleased to announce a majority investment in Activa Resources, LLC (“Activa” or the “Company”). Based in San Antonio, Texas, Activa is an independent oil and gas company focused on acquiring legacy oil and gas fields and applying new technology to optimize their development. Their current properties include a portfolio of onshore oil and gas assets in East Texas, South Texas, and Arkansas.