Investment Summary

ARC Financial and 32 Degrees Capital Invest In Sitka Exploration

On July 26, 2012, private equity firms ARC Financial and 32 Degrees Capital invested in oil/gas exploration company Sitka Exploration

Investment Highlights
  • This is ARC Financial’s 6th and 32 Degrees Capital’s 5th transaction in the Oil/Gas Exploration sector.
  • This is ARC Financial’s 8th and 32 Degrees Capital’s 6th transaction in Canada.
  • This is ARC Financial’s 7th and 32 Degrees Capital’s 6th transaction in Alberta.

Investment Summary

Date 2012-07-26
Target Sitka Exploration
Sector Oil/Gas Exploration
Investor(s) ARC Financial
32 Degrees Capital
Deal Type Venture

Target

Sitka Exploration

Calgary, Alberta, Canada
Sitka Exploration is a private oil & gas company that focused on grassroots exploitation of Ellerslie, Glauconite, and Elkton targets in the deep basin of West Central Alberta. Sitka Exploration was founded in 2011 and is based in Calgary, Alberta.

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Investor(S) 2

Investor

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 STATS #
Overall 10 of 22
Sector: Oil/Gas Exploration M&A 6 of 9
Type: Venture M&A Deals 2 of 3
State: Alberta M&A 7 of 15
Country: Canada M&A 8 of 18
Year: 2012 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-07-04 Beringer Energy

Calgary, Alberta, Canada

Beringer Energy, Inc. is an oil and gas exploration and production company with a focus on light oil and liquids-rich gas prospects in Canada.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-20 C&C Energia

Bogotá, Colombia

C&C Energia is an oil and gas exploration and production company focused on Colombia. The company’s strategy is to develop producing oil and gas assets by exploring low to moderate risk areas.

Sell $500M
Investor

32 Degrees Capital

Calgary, Alberta, Canada

Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 275M CAD
Size Middle-Market
Type Sector Focused
DESCRIPTION

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.


DEAL STATS #
Overall 7 of 7
Sector: Oil/Gas Exploration M&A 5 of 5
Type: Venture M&A Deals 2 of 2
State: Alberta M&A 6 of 6
Country: Canada M&A 6 of 6
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-05 Xtend Energy Services

Okotoks, Alberta, Canada

Xtend Energy Services is a private energy services company that focuses on developing tools which mitigate the effects of friction in deviated and horizontal well bores.

Sell $53M
FOLLOWING 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 -