M&A Deal Summary

MFC Resource Partnership Acquires Stylus Exploration

On February 2, 2004, MFC Resource Partnership acquired oil/gas exploration company Stylus Exploration from Kayne Anderson Capital Advisors

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

M&A Deal Summary

Date 2004-02-02
Target Stylus Exploration
Sector Oil/Gas Exploration
Buyer(s) MFC Resource Partnership
Sellers(s) Kayne Anderson Capital Advisors
Deal Type Add-on Acquisition

Target

Stylus Exploration

Calgary, Alberta, Canada
Stylus Exploration is a private exploration and production company based in Calgary, Alberta that focused on the development of oil and gas properties in Northeastern Alberta.

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Buyer(S) 1

Buyer

MFC Resource Partnership

Calgary, Alberta, Canada

Category Company
Founded 1992
Sector Oil/Gas Exploration
Employees100
DESCRIPTION

MFC Resource Partnership is engaged in the development and production of natural gas, natural gas liquids and crude oil in western Canada. The majority of operations are located in the Alberta resource plays within the western Canada sedimentary basin.


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: 2004 M&A 1 of 1

Seller(S) 1

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 1 of 85
Sector: Oil/Gas Exploration M&A 1 of 43
Type: Add-on Acquisition M&A Deals 1 of 34
State: Alberta M&A 1 of 8
Country: Canada M&A 1 of 12
Year: 2004 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Medicine Bow Energy

Denver, Colorado, United States

Medicine Bow Energy Corporation is a private exploration and production company based in Denver, Colorado that focused on the acquisition and exploitation of oil and gas properties in the Rocky Mountain region and East Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-01 Crusader Energy

Oklahoma City, Oklahoma, United States

Crusader Energy, Crusader Energy II and Crusader Energy III were private exploration and production companies based in Oklahoma City, Oklahoma that focused on acquiring and exploiting oil and gas properties in Oklahoma and the Texas Panhandle.

Buy -