Investment Summary

EIG Partners, China Investment and Sinopec Invest In Sunshine

On February 7, 2012, asset manager EIG Partners, China Investment and Sinopec invested in oil/gas exploration company Sunshine

Investment Highlights
  • This is EIG Partners’ 4th, China Investment’s 1st and Sinopec’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is EIG Partners’ 2nd, China Investment’s 1st and Sinopec’s 1st transaction in Canada.
  • This is EIG Partners’ 1st, China Investment’s 1st and Sinopec’s 1st transaction in Alberta.

Investment Summary

Date 2012-02-07
Target Sunshine
Sector Oil/Gas Exploration
Investor(s) EIG Partners
China Investment
Sinopec
Deal Type PIPE

Target

Sunshine

Calgary, Alberta, Canada
Sunshine is a pure-play oil sands company engaged in the exploration and production of bitumen resources in the Athabasca oil sands area of Northern Alberta, Canada. The company is focused on in-situ development using Steam Assisted Gravity Drainage. Sunshine was founded in 2007 and is based in Calgary, Alberta.

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Investor(S) 3

Investor

EIG Partners

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1982
PE ASSETS 39.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

EIG Global Energy Partners specializes in private investments in energy and energy-related infrastructure around the world. Specific areas of interest include upstream oil and gas, midstream, power generation, renewables, and related infrastructure. EIG manages a variety of funds that provide hybrid debt and structured equity financing solutions to energy projects and companies. The Firm also offers credit/direct lending vehicles that target higher credit-quality project finance instruments. EIG Global Energy Partners is headquartered in Washington, District of Columbia.


DEAL STATS #
Overall 7 of 55
Sector: Oil/Gas Exploration M&A 4 of 21
Type: PIPE M&A Deals 1 of 1
State: Alberta M&A 1 of 2
Country: Canada M&A 2 of 4
Year: 2012 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-01-06 Intervention Energy

Minot, North Dakota, United States

Intervention Energy LLC is a privately held non-operated oil and gas companies with a primary focus on the Bakken and Three Forks plays.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-29 Chesapeake Energy

Oklahoma City, Oklahoma, United States

Chesapeake Energy produces natural gas and is a major producer of oil and natural gas liquids in the U.S., with an industry-leading portfolio of high-quality unconventional assets in top onshore plays. Chesapeake Energy was incorporated in 1989 and is based in Oklahoma City.

Buy -
Investor

China Investment

Beijing, China

Category Company
Founded 2007
Sector Financial Services
DESCRIPTION

China Investment Corporation is a sovereign wealth fund of the Government of China. The firm was established with the issuance of special bonds by the Ministry of Finance.


DEAL STATS #
Overall 3 of 3
Sector: Oil/Gas Exploration M&A 1 of 1
Type: PIPE M&A Deals 2 of 2
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-22 Shanduka Group

Sandton, South Africa

Shanduka is a leading black-owned and managed investment holding company established in November 2000. Its principal investment activities are categorised under the following: Resources, Financial Services, Property, Energy, Beverages and Strategic Investments.

Buy $245M
Investor

Sinopec

Beijing, China

Category Company
Founded 2000
Sector Oil/Gas Exploration
Employees368,009
Revenue 3.07T CNY (2024)
DESCRIPTION

Sinopec is an entity that through its subsidiaries, operates as an integrated oil and gas, and chemical company in the People's Republic of China. Sinopec was founded in 2000 and is based in Beijing, China.


DEAL STATS #
Overall 2 of 2
Sector: Oil/Gas Exploration M&A 2 of 2
Type: PIPE M&A Deals 1 of 1
State: Alberta M&A 1 of 1
Country: Canada M&A 1 of 1
Year: 2012 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-26 Henan Petroleum Exploration Bureau

Nanyang City, China

Henan Petroleum Exploration Bureau is a provider of an oil and gas exploration, production, crude oil refining, and petrochemistry.

Buy -