M&A Deal Summary

Long Run Exploration Acquires Crocotta Energy

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

Acquisition Highlights
  • 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.

M&A Deal Summary
Date 2014-06-12
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

Crocotta Energy

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

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Buyer(S) 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 STATS #
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
Mergr

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