Buyout (LBO, MBO, MBI) • Oil/Gas Exploration

Long Run Exploration Acquires Crocotta Energy

On June 12, 2014, Long Run Exploration acquired oil/gas exploration company Crocotta Energy for 357M USD

Acquisition Context
  • This is Long Run Exploration’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Long Run Exploration’s largest (disclosed) transaction.
  • This is Long Run Exploration’s 2nd transaction in Canada.
  • This is Long Run Exploration’s 1st transaction in Alberta.

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M&A Deal Summary

Date June 12, 2014
Target Crocotta Energy
Sector Oil/Gas Exploration
Buyer(s) Long Run Exploration
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 357M USD
Advisor(s) GMP Securities (Financial)

Target Company

Crocotta Energy

Calgary, Alberta, Canada
Crocotta Energy, Inc. is a provider of oil/gas exploration services in canada.
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Buyer Overview 1

Buyer

Long Run Exploration

Calgary, Canada

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Long Run Exploration Ltd. (an amalgamation of WestFire Energy Ltd. and Guide Exploration Ltd.) Cadent`s investment in Long Run is held by Cadent Energy Partners Sàrl, a Luxembourg private limited liability company, which is wholly owned by Cadent Energy Partners II, L.P.


Deal Context for Buyer #
Overall 2 of 2
Sector: Oil/Gas Exploration 2 of 2
Type: Buyout (LBO, MBO, MBI) 1 of 1
State: Alberta 1 of 1
Country: Canada 2 of 2
Year: 2014 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-01 Mosaic Energy - Redwater Viking Assets

Canada

Mosaic Energy - Redwater Viking Assets, The Viking development in the Redwater Area is focused on the oil bearing lower Viking Formation.

Buy $45M