Buyout (LBO, MBO, MBI) • Oil/Gas Exploration

ARC Financial and EnCap Investments Acquire Modern Resources

On December 1, 2012, private equity firm ARC Financial and growth capital firm EnCap Investments acquired oil/gas exploration company Modern Resources for 300M CAD

Acquisition Context
  • This is ARC Financial’s 7th and EnCap Investments’ 73rd transaction in the Oil/Gas Exploration sector.
  • This is ARC Financial’s 4th and EnCap Investments’ 10th largest (disclosed) transaction.
  • This is ARC Financial’s 9th and EnCap Investments’ 1st transaction in Canada.
  • This is ARC Financial’s 8th and EnCap Investments’ 1st transaction in Alberta.
Investment Fate
  • Modern Resources was sold to a publicly-traded strategic buyer in 2020 for 144M CAD.

Explore All 526 Buyout (LBO, MBO, MBI) Oil/Gas Exploration Deals - Search the Database Free


M&A Deal Summary

Date December 1, 2012
Target Modern Resources
Sector Oil/Gas Exploration
Buyer(s) ARC Financial
EnCap Investments
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 300M CAD

Target Company

Modern Resources

Calgary, Alberta, Canada
Modern Resources is an oil and gas company focused on the pursuit of proved reserve acquisitions. Modern Resources was founded in 2012 and is based in Calgary, Alberta.
Explore More Deals

Browse All 215,130 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyers Overview 2

Buyer

ARC Financial

Calgary, Alberta, Canada

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 6.3B CAD
Size Mega
Type Sector Focused
DESCRIPTION

ARC Financial is a specialist private equity firm that invests in Canadian energy companies. Specific areas of interest include emerging resources/drilling technologies, oil sands, and oilfield services. ARC looks to commit $50 to $200 million per transaction. Transaction types include buyouts, growth capital financings, and recapitalizations. ARC Financial was formed in 1989 and is headquartered in Calgary, Alberta.


Deal Context for Buyer #
Overall 11 of 22
Sector: Oil/Gas Exploration 7 of 9
Type: Buyout (LBO, MBO, MBI) 7 of 9
State: Alberta 8 of 15
Country: Canada 9 of 18
Year: 2012 3 of 3
Size (of disclosed) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-30 Huron Energy

Calgary, Alberta, Canada

Huron Energy Corporation is a private exploration and production company led by the former management team of Rubicon Energy Corporation, a successful explorer in the Pembina Nisku oil play. Huron is pursuing a full cycle exploration strategy targeting unconventional gas resources in the Triassic formation in northeast British Columbia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-31 Kanata Energy Group

Calgary, Alberta, Canada

Kanata Energy Group is a Canadian midstream company focused on acquiring, building, and developing midstream assets throughout Canada. Kanata Energy Group was formed in 2012 and is based in Calgary, Alberta.

Buy $330M
Buyer

EnCap Investments

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1988
PE ASSETS 47.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

EnCap Investments is a private equity firm focused on the US energy sector. EnCap specifically looks for upstream and midstream opportunities within the oil and gas industry. EnCap generally partners with seasoned management when pursuing investments. EnCap Investments has offices in Dallas and Houston.


Deal Context for Buyer #
Overall 74 of 120
Sector: Oil/Gas Exploration 73 of 109
Type: Buyout (LBO, MBO, MBI) 39 of 68
State: Alberta 1 of 1
Country: Canada 1 of 1
Year: 2012 10 of 10
Size (of disclosed) 10 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-01 Grenadier Energy Partners

Woodlands, Texas, United States

Grenadier Energy Partners LLC is an upstream exploration and production company in the energy sector.

Sell $590M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-21 Shona Energy Co.

Houston, Texas, United States

Shona Energy Co. LLC is a US oil and natural gas exploration, development and production company focusing on South America, specifically Colombia and Peru.

Sell $140M