Stake Purchase • Oil/Gas Exploration

Azimuth Capital Management and Quantum Energy Partners Invest In Whitecap Resources

On January 1, 2021, private equity firms Azimuth Capital Management and Quantum Energy Partners invested in oil/gas exploration company Whitecap Resources

Investment Context
  • This is Azimuth Capital Management’s 16th and Quantum Energy Partners’ 56th transaction in the Oil/Gas Exploration sector.
  • This is Azimuth Capital Management’s 15th and Quantum Energy Partners’ 8th transaction in Canada.
  • This is Azimuth Capital Management’s 15th and Quantum Energy Partners’ 8th transaction in Alberta.

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Investment Summary

Date January 1, 2021
Target Whitecap Resources
Sector Oil/Gas Exploration
Investor(s) Azimuth Capital Management
Quantum Energy Partners
Deal Type Stake Purchase

Target Company

Whitecap Resources

Calgary, Alberta, Canada
Whitecap Resources is a oil-weighted company focused on providing sustainable monthly dividends to its shareholders and per share growth through a combination of accretive oil-based acquisitions and organic growth on existing and acquired assets. Whitecap Resources was founded in 2009 and is based in Calgary, Alberta.
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Investors Overview 2

Investor

Azimuth Capital Management

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 5.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

Azimuth Capital Management is an independent Canadian private equity firm focused on the energy sector. Azimuth makes equity investments in early stage and emerging energy companies focused on resource and infrastructure development. The Firm generally invests in Canadian companies but will consider opportunities in the US as well. Azimuth Capital Management is based in Calgary.


Deal Context for Investor #
Overall 20 of 20
Sector: Oil/Gas Exploration 16 of 16
Type: Stake Purchase 1 of 1
State: Alberta 15 of 15
Country: Canada 15 of 15
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-17 Recover Energy Services

Calgary, Alberta, Canada

Recover Energy Services is an environmental technology company with a patented process for cleaning oil-based drilling waste. The company's technology recovers base oil from drilling waste while providing a significant reduction in carbon dioxide emissions. Its Lodgepole Oilfield Waste Management Facility is approved by the Alberta Energy Regulator (AER) to accept Alberta generated oilfield waste classified as waste code DRWSHC; Drilling Waste Hydrocarbon. Recover Energy Services was founded in 2008 and is based in Calgary, Alberta.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-11 Black Swan Energy

Calgary, Alberta, Canada

Black Swan Energy is an energy company that is actively developing its significant land position in the Montney play in northeast British Columbia. Black Swan Energy was founded in 2010 and is based in Calgary, Alberta.

Sell CA$1.1B
Investor

Quantum Energy Partners

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1998
PE ASSETS 17.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Quantum Energy Partners is a specialist private equity firm focused on investments within the energy sector. Quantum's primary focus is on opportunities within the oil and gas upstream and midstream sectors, however, the Firm will also consider investments in oil field services and equipment, coal, power generation and transmission, and renewable/alternative energy. Quantum's target investment size is $100 to $400 million. Quantum invests in start-ups as well as established companies needing expansion capital. Quantum Energy Partners was formed in 1998 and is headquartered in Houston, Texas.


Deal Context for Investor #
Overall 83 of 90
Sector: Oil/Gas Exploration 56 of 59
Type: Stake Purchase 10 of 10
State: Alberta 8 of 9
Country: Canada 8 of 9
Year: 2021 4 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 Antero Resources

Denver, Colorado, United States

Antero Resources is an independent oil and gas company focused on the exploration and exploitation of unconventional natural gas resources within the Rocky Mountain, Mid-Continent and Appalachia regions of the United States. Antero Resources was founded in 2002 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-26 ChargePoint

Campbell, California, United States

ChargePoint is an electric vehicle (EV) charging network, with charging solutions in every category EV drivers charge, at home, work, around town and on the road. ChargePoint was founded in 2007 and is based in Campbell, California.

Sell -