Energy & Natural Resources Expertise

In 2006, FBR Capital Markets’ Energy & Natural Resources Investment Banking team raised $2.3 billion in 12 transactions, seven of which we lead managed. 

During a relatively slow period in the oil and gas investment banking market, the group broadened its franchise beyond the oil and gas sector, completing its first transactions in minerals and power generation – a $206 million private placement for a leading U.S. metals producer and a $777 million private placement for a power generation company.  In 2007, FBR Capital Markets continued to be the #1 book-running manager of all common stock offerings for domestic mining, oil and gas, and utility and energy companies with a market capitalization of $1 billion or less.¹

During 2006, FBR Capital Markets raised a total of $414 million in three, separate Rule 144A private placements for oil and gas exploration, acquisition and development companies.  We were the joint book-runner of a $390 million initial public offering for Aventine Renewable Energy, our second transaction for Aventine, a producer of ethanol.

1) Source: Dealogic. Relates to total deal value of all common stock or common equity, including private placements, offered for all U.S. mining, oil and gas, and utility and energy companies with a market capitalization of $1 billion or less. Transactions priced between 1/1/03 and 12/31/07, with apportioned credit including over-allotment to all book-runners. Includes only rank eligible transactions.