Investment Summary |
|
|---|---|
| Date | 2022-08-03 |
| Target | Serafina Energy |
| Sector | Oil/Gas Exploration |
| Investor(s) | Strathcona Resources |
| Sellers(s) |
Camcor Partners
Pine Brook Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 2.3B CAD |
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Strathcona Resources is a private-equity-owned energy company in North America and a consolidator and developer of top decile oil and gas assets. The company is focused on thermal oil, enhanced oil recovery, and condensate-rich Montney. Its operations are located in the Cold Lake oil sands region of Alberta, the heavy oil region of SW Saskatchewan, and the Montney basin spanning west-central Alberta and NE British Columbia. Current production at these operations totals 75,000–80,000 barrels of oil equivalent per day, weighted 75% to liquids and an industry-leading Proven Reserve Life Index given the long-life nature of our assets. Strathcona Resources is based in Calgary, Alberta.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 3 |
| Sector: Oil/Gas Exploration M&A | 2 of 3 |
| Type: Add-on Acquisition M&A Deals | 2 of 3 |
| State: Alberta M&A | 2 of 3 |
| Country: Canada M&A | 2 of 3 |
| Year: 2022 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-30 |
Caltex Resources
Calgary, Alberta, Canada Caltex Resources is a private oil & gas company focused on the exploration, development, and acquisition of heavy oil properties in western Saskatchewan and eastern Alberta. Caltex Resources was formed in 2011 and is based in Calgary, Alberta. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-08-01 |
Pipestone
Calgary, Alberta, Canada Pipestone is an oil and gas exploration and production company focused on developing its large contiguous and condensate-rich Montney asset base in the Pipestone area near Grande Prairie. Pipestone is based in Calgary, Alberta. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1997 |
| PE ASSETS | 1.0B CAD |
| Size | Middle-Market |
| Type | Sector Focused |
Camcor Partners is an independent private equity group focused on Canadian hydrocarbon-based energy companies. The Firm looks to build a portfolio of companies with direct hydrocarbon exposure. Camcor was formed in 1997 and is based in Calgary.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector: Oil/Gas Exploration M&A | 1 of 1 |
| Type: Add-on Acquisition M&A Deals | 1 of 1 |
| State: Alberta M&A | 1 of 1 |
| Country: Canada M&A | 1 of 1 |
| Year: 2022 M&A | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-07-01 |
High Ground Energy
Calgary, Alberta, Canada High Ground Energy, Inc. is an exploration and production company focused on developing light oil and liquids-rich gas resources. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2006 |
| PE ASSETS | 6.0B USD |
| Size | Mega |
| Type | Sector Focused |
Pine Brook Road Partners is a private equity group focused on growth capital investments in the energy and financial services sectors. Specific areas of interest within the energy sector include exploration, oilfield services, transportation/storage, power generation/distribution/transmission, and biofuel/renewable resources. Specific areas of interest within financial services include insurance, banks, asset management, specialty finance, and servicing/distribution/origination. Pine Brook generally acts as the lead/control investor in newly-formed or established businesses. The Firm has a special interest in 'underappreciated or overlooked' opportunities. Pine Brook Road Partners was formed in 2006 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 26 of 27 |
| Sector: Oil/Gas Exploration M&A | 10 of 10 |
| Type: Add-on Acquisition M&A Deals | 13 of 13 |
| State: Alberta M&A | 2 of 2 |
| Country: Canada M&A | 2 of 2 |
| Year: 2022 M&A | 4 of 4 |
| Size (of disclosed) | 1 of 11 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-06-29 |
Red Bluff Resources
Oklahoma City, Oklahoma, United States Red Bluff Resources is an independent oil and natural gas company. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-06-29 |
Fidelis Insurance
Pembroke, Bermuda Fidelis Insurance is a provider of insurance underwriting and reinsurance services. The Company underwrites specialty lines of insurance focused on energy, marine, property, aviation, and political risk out of Bermuda and London, with a balance between insurance and reinsurance. Fidelis Insurance was founded in 2014 and is based in Pembroke, Bermuda. |
Sell | - |
