Houlihan Lokey Advises Palantir Solutions

Houlihan Lokey is pleased to announce the sale of Palantir Solutions, Inc., to 3esi-Enersight, a portfolio company of Rubicon Technology Partners.

Palantir Solutions is a leading, independent global provider of integrated planning software for the upstream oil & gas industry. Its solutions enable companies to effectively allocate capital and better finance the growth of reserves to improve financial performance.

3esi-Enersight, a portfolio company of private equity firm Rubicon Technology Partners, is a leading provider of oil & gas industry solutions for integrated strategy, planning, and reserves, trusted by thousands of executives and technical decision-makers in companies that include NOCs, supermajors, emerging operators, investors, and consultants.

Rubicon Technology Partners invests in enterprise software companies with proven products and talented management teams. Rubicon helps companies drive sustainable, long-term growth by leveraging its extensive operating experience and proven framework for partnering with founders and management teams. With offices in Menlo Park, California, and Stamford, Connecticut, Rubicon has over $850 million in cumulative capital commitments.  

Palantir Solutions is 3esi-Enersight’s sixth strategic acquisition in four years, propelling the company from a 30-person startup to nearly 400 employees in 12 global offices, serving more than 500 customers around the world. 

The acquisition combines the industry’s two leading software vendors, creating a single global company that will now focus its broadened expertise and development capabilities toward accelerating the digital transformation taking place in the front office of oil & gas companies. The new combined company will be renamed Aucerna.

Today Aucerna is a global source of technology and expertise for the energy industry, proudly serving the industry’s largest base of customers, from supermajors and emerging operators to energy investors, consultants, and educational institutions. Aucerna solutions are deployed in every region of the globe, helping companies make better investment decisions by connecting the people and the data of the modern energy industry. 

Jason Ambrose, Palantir Solutions co-founder and Managing Director said, “By joining forces as Aucerna, we are now uniquely positioned to offer a complete solution for every aspect of planning, operations, and reserves. We can deliver these solutions with tight integration to form a seamless connection of people and information from the reservoir to the boardroom.”

Ambrose went on to say, “I would like to thank Houlihan Lokey for their fantastic support in driving this transaction to a conclusion. The team worked in an extremely diligent and professional manner, delivering excellent advice and support throughout the deal process.” 

Houlihan Lokey served as the exclusive financial advisor to Palantir Solutions. This transaction adds to the extensive track record of Houlihan Lokey's Data & Analytics Group in the energy and commodities sector. Recently closed transactions in the sector include the sale of 1Derrick to Drillinginfo; the sale of PowerAdvocate to Verisk Analytics; the sale of MAKE to Verisk Analytics; the sale of RISI to Euromoney Institutional Investor; and the sale of PIRA Energy Group to S&P Global Platts. With the exception of the sale of 1Derrick, the transactions mentioned above were closed by Quayle Munro prior to its acquisition by Houlihan Lokey to establish the Data & Analytics Group.

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