M&A Deal Summary

Cor4 Oil Acquires West Valley Energy

On December 9, 2014, Cor4 Oil acquired oil/gas exploration company West Valley Energy from Warburg Pincus and Kayne Anderson Capital Advisors

Acquisition Highlights
  • This is Cor4 Oil’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Cor4 Oil’s 1st transaction in Canada.
  • This is Cor4 Oil’s 1st transaction in Alberta.

M&A Deal Summary

Date 2014-12-09
Target West Valley Energy
Sector Oil/Gas Exploration
Buyer(s) Cor4 Oil
Sellers(s) Warburg Pincus
Kayne Anderson Capital Advisors
Deal Type Add-on Acquisition

Target

West Valley Energy

Calgary, Alberta, Canada
West Valley Energy Corp. is an oil and gas company focused on capturing and developing scalable resource plays in the Western Canadian Sedimentary Basin. It focuses on identifying new or emerging oil projects with the potential for value creation through field extension and improved recovery.

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Buyer(S) 1

Buyer

Cor4 Oil

Calgary, Alberta, Canada

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Cor4 Oil is an E&P company developing conventional oil assets. The company is focused on maximizing the value of its assets through technical and operational improvements. Cor4 Oil is based in Calgary, Alberta.


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: 2014 M&A 1 of 1

Seller(S) 2

SELLER

Warburg Pincus

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1966
PE ASSETS 83.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.


DEAL STATS #
Overall 107 of 263
Sector: Oil/Gas Exploration M&A 9 of 25
Type: Add-on Acquisition M&A Deals 41 of 95
State: Alberta M&A 2 of 6
Country: Canada M&A 2 of 7
Year: 2014 M&A 9 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-10-20 Kalyan Jewellers

Thrissur, India

Kalyan Jewellers is a manufacturer and retailer of jewelry, with a primary focus on gold and diamond products. Kalyan Jewellers was founded in 1993 and is based in Thrissur, Kerala.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-16 Blue Yonder

Karlsruhe, Germany

Blue Yonder is a provider of AI solutions for retail. Blue Yonder enables retailers to take a transformative approach to their core processes, automating complex decisions that deliver higher profits and customer value using artificial intelligence (AI). Blue Yonder was founded in 2008 and is based in Karlsruhe, Germany.

Buy -
SELLER

Kayne Anderson Capital Advisors

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1984
PE ASSETS 36.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kayne Anderson Capital Advisors is an alternative investment management firm focused on hedge funds, public funds, energy private equity, growth private equity, real estate private equity, and mezzanine finance opportunities. Kayne's energy private equity group focuses on $20 to $100 million investments in high-growth exploration and production, midstream and oilfield service companies. The energy group considers both majority or minority stakes in public and private businesses. Kayne's growth private equity practice involves structured investments in public and private companies looking for capital to finance expansion. This group will also consider middle-market leveraged transactions and management buyouts. Kayne's real estate private equity group invests in established, cash-flow generating projects. Areas of interest include student housing and campus-oriented retail properties, amongst other opportunistic investments. The Group looks for acquisitions of $25 to $100 million. Kayne's mezzanine team looks to provide $20 to $35 million of capital for mid-market businesses with $100 to $500 million of sales and $10 to $50 million of EBITDA. Kayne Capital Advisors was formed in 1984 and is based in Los Angeles with additional offices in Armonk, New York; New York City, and Houston.


DEAL STATS #
Overall 22 of 85
Sector: Oil/Gas Exploration M&A 14 of 43
Type: Add-on Acquisition M&A Deals 12 of 34
State: Alberta M&A 6 of 8
Country: Canada M&A 6 of 12
Year: 2014 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-01 TreadStone Energy Partners II

Houston, Texas, United States

Treadstone Energy Partners II is a private oil and gas company based that focuses on the exploitation and development of oil and gas properties in the Mid-Continent region and Texas. TreadStone Energy Partners II was founded in 2014 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-11 CellTrust

Scottsdale, Arizona, United States

CellTrust is a global mobile marketing platform through its SMS Gateway, which provides connections to more than 800 mobile operators across 200+ countries, as well as turnkey short code provisioning, and campaign reporting. CellTrust was founded in 2006 and is based in Scottsdale, Arizona.

Buy -