M&A Deal Summary

Longbow Capital and PFM Capital Acquire Spur Petroleum

On December 21, 2011, private equity firms Longbow Capital and PFM Capital acquired oil/gas exploration company Spur Petroleum for 5M USD

Acquisition Highlights
  • This is Longbow Capital’s 1st and PFM Capital’s 3rd transaction in the Oil/Gas Exploration sector.
  • This is Longbow Capital’s and PFM Capital’s 3rd largest (disclosed) transaction.
  • This is Longbow Capital’s 1st and PFM Capital’s 10th transaction in Canada.
  • This is Longbow Capital’s 1st and PFM Capital’s 3rd transaction in Alberta.

M&A Deal Summary
Date 2011-12-21
Target Spur Petroleum
Sector Oil/Gas Exploration
Buyer(s) Longbow Capital
PFM Capital
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 5M USD

Target

Spur Petroleum

Calgary, Alberta, Canada
Spur Petroleum is an oil and natural gas company, based in Calgary, Alberta.

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Buyer(S) 2

Buyer

Longbow Capital

Calgary, Alberta, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 475M CAD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Longbow Capital is a private investment group focused on small to mid-sized oil and natural gas opportunities in Western Canada. Longbow was formed in 1997 and is based in Calgary.

DEAL STATS #
Overall 1 of 6
Sector (Oil/Gas Exploration) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 1 of 3
State (Alberta) 1 of 3
Country (Canada) 1 of 3
Year (2011) 1 of 1
Size (of disclosed) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-10-18 New Star Energy

Calgary, Alberta, Canada

New Star Energy Ltd. is an oil and natural gas company, with focused operations in the Highvale field located 60 kilometers west of the capital city of Edmonton. New Star Energy was founded in 2012 and is based in Calgary, Alberta.

Buy -
Buyer

PFM Capital

Regina, Saskatchewan, Canada

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.1B CAD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

PFM Capital is a private equity firm focused on investing in Western Canada with an emphasis on opportunities in Saskatchewan. PFM targets small and medium sized companies and will invest across the capital structure. Areas of interest include agriculture, oil/gas, manufacturing, and real estate. PFM looks to invest $5 to $25 million per transaction. PFM was formed in 1989 and has been investing since 1993. PFM Capital is based in Regina, Saskatchewan.

DEAL STATS #
Overall 10 of 22
Sector (Oil/Gas Exploration) 3 of 7
Type (Buyout (LBO, MBO, MBI)) 9 of 19
State (Alberta) 3 of 7
Country (Canada) 10 of 21
Year (2011) 5 of 5
Size (of disclosed) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-04 Hi-Tec

Regina, Saskatchewan, Canada

Hi-Tec is a steel-processing company that services agricultural and industrial equipment manufacturers. The company manufactures the material input for large agricultural implements, electrical transformers, and equipment used in potash mines and steel mills, as well as numerous miscellaneous items. Hi-Tec was formed in 1995 and is based in Regina, Saskatchewan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-03 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 USD6M
Mergr

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