32 Degrees Capital Mergers and Acquisitions Summary

Private Equity Firm Profile

32 Degrees Capital’s most common sectors for investment areoil/gas exploration (72%) and energy services and equipment (29%) . The Firm’s most common investment types include buyout (lbo, mbo, mbi) (43%) and venture (29%). In total, 32 Degrees Capital has invested in 2 different countries. Its largest (disclosed) acquisition occurred in 2008 when it acquired Seven Generations Energy for $300M.

The Firm’s most common exit type is trade sale (84%). 32 Degrees Capital’s largest (disclosed) exit occurred in 2011 when it sold Caltex Energy for $622M.

Join Mergr to view 32 Degrees Capital’s full profile and discover more middle-market private equity firm investors just like it.

M&A Summary

  • M&A Total Activity13
    • M&A Buy Activity7
    • M&A Sell Activity6
  • Total Sectors Invested 2
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 10
  • M&A Advisors 1

32 Degrees Capital

32 Degrees Capital

Suite 650 635 8th Ave SW,
Calgary, Alberta T2P 3M3
Canada
(403) 695-1069
www.32degrees.ca
info@32degrees.ca

32 Degrees Capital is a private equity firm focused on opportunities within the energy sector. 32 Degrees typically partners with management teams when pursuing transactions and looks to leverage its industry experience and network to build value in portfolio investments. 32 Degrees was founded in 2004 and is based in Calgary, Alberta.


Investment Criteria

Sectors of Interest: Energy Services and Equipment, Oil/Gas Exploration

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Venture

Geographic Preferences: Canada

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - -
Enterprise Value - -

M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 7 - - - - - 7
vol $300M $300M
Sell (0.0/yr) # 6 - - - - - 6
vol $675M $675M
  13

Most Recent M&A

Company Date Value Type
Laricina Energy Ltd. 2015-07-01 - Unknown
Calgary, Alberta · www.laricinaenergy.com
Arriva Energy, Inc. 2014-07-21 - Trade Sale
Calgary, Alberta · www.arrivaenergy.com
Huron Energy Corp. 2012-11-30 - Trade Sale
Calgary, Alberta · www.huronenergy.ca
Sitka Exploration Ltd. 2012-07-26 - Venture
Calgary, Alberta · www.sitkaexploration.com
Xtend Energy Services, Inc. 2012-03-05 53M USD Trade Sale
Okotoks, Alberta · www.xtendenergy.ca
Caltex Energy, Inc. 2011-07-01 622M USD Trade Sale
Calgary, Alberta
Spry Energy Ltd. 2011-04-20 - Trade Sale
Calgary, Alberta
Xtend Energy Services, Inc. 2011-04-01 - Recapitalization
Okotoks, Alberta · www.xtendenergy.ca
MarkWater Handling Systems Ltd. 2010-01-01 - Venture
Calgary, Alberta · www.markwater.com
Seven Generations Energy Ltd. 2008-01-01 300M USD Buyout (LBO, MBO, MBI)
Calgary, Alberta
View All >>

M&A by Sector

Sector Current # Value All-time # Value
Oil/Gas Exploration - - 5 (71%) 300M (100%)
Energy Services and Equipment - - 2 (29%) -
Total - - 7 $300M

Acquisitions By Geo

State/Country Current # Value All-time # Value
Canada - - 6 (86%) 300M (100%)
  Alberta - - 6 (86%) 300M (100%)
Colombia - - 1 (14%) -
Domestic - - 6 (86%) 300M (100%)
Cross-border - - 1 (14%) -
Total - - 7 $300M

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) - - 3 (43%) 300M (100%)
Venture - - 2 (29%) -
Growth Capital - - 1 (14%) -
Recapitalization - - 1 (14%) -
Total - - 7 $300M

Exits by Deal Type

Type Total # Value
Trade Sale - Public Company 4 (67%) 675M (100%)
Trade Sale 1 (17%) -
Unknown 1 (17%) -
Total 6 $675M

Top M&A Advisors

Legal Deals
Gowling Lafleur Henderson LLP
1

Deal Values

buy # Total
$100M to $1B 1 $300M
TOTAL $300M
Largest Seven Generations Energy Ltd.
$300M (2008-01-01)
sell # Total
$100M to $1B 1 $622M
< $100M 1 $53M
TOTAL $675M
Largest Caltex Energy, Inc.
$622M (2011-07-01)

M&A Connections

Deals
Exited to
Strategic(s)
83%
5 (83%)

FAQ

When was 32 Degrees Capital founded?

32 Degrees Capital was founded in 2004.

What type of investor is 32 Degrees Capital?

32 Degrees Capital is a private equity firm.

Where is 32 Degrees Capital headquartered?

32 Degrees Capital is headquartered in Calgary, Alberta.

How much capital does 32 Degrees Capital have under management?

32 Degrees Capital has 275M CAD under management.

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