M&A Deal Summary

Petrus Resources Acquires Arriva Energy

On July 21, 2014, Petrus Resources acquired oil/gas exploration company Arriva Energy from 32 Degrees Capital

Acquisition Highlights
  • This is Petrus Resources’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Petrus Resources’ 1st transaction in Canada.
  • This is Petrus Resources’ 1st transaction in Alberta.

M&A Deal Summary
Date 2014-07-21
Target Arriva Energy
Sector Oil/Gas Exploration
Buyer(s) Petrus Resources
Sellers(s) 32 Degrees Capital
Deal Type Add-on Acquisition
Advisor(s) Peters & Co. (Financial)

Target

Arriva Energy

Calgary, Alberta, Canada
Arriva Energy, Inc. is a private junior energy corporation engaged in the exploration, development, production and acquisition of oil and gas reserves in the Ferrier/Strachan area of Alberta.

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Buyer(S) 1

Buyer

Petrus Resources

Calgary, Alberta, Canada
Category Company
Sector Energy Services and Equipment
DESCRIPTION

Petrus Resources is a private Canadian energy company focused on property exploitation, strategic acquisitions and risk-managed exploration in the Foothills and Peace River area of Alberta. Petrus Resources is based in Calgary, Alberta.

DEAL STATS #
Overall 1 of 2
Sector (Oil/Gas Exploration) 1 of 2
Type (Add-on Acquisition) 1 of 2
State (Alberta) 1 of 1
Country (Canada) 1 of 2
Year (2014) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-02 Ravenwood Energy

Calgary, Canada

Ravenwood Energy Corp. is a provider of oil/gas exploration services.

Buy $195M

Seller(S) 1

SELLER

32 Degrees Capital

Calgary, Alberta, Canada

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 275M CAD
Size Middle-Market
Type Sector Focused
DESCRIPTION

32 Degrees Capital is a private equity firm focused on opportunities within the energy sector. 32 Degrees typically partners with management teams when pursuing transactions and looks to leverage its industry experience and network to build value in portfolio investments. 32 Degrees was founded in 2004 and is based in Calgary, Alberta.

DEAL STATS #
Overall 5 of 6
Sector (Oil/Gas Exploration) 4 of 5
Type (Add-on Acquisition) 5 of 5
State (Alberta) 5 of 6
Country (Canada) 5 of 6
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-11-30 Huron Energy

Calgary, Alberta, Canada

Huron Energy Corporation is a private exploration and production company led by the former management team of Rubicon Energy Corporation, a successful explorer in the Pembina Nisku oil play. Huron is pursuing a full cycle exploration strategy targeting unconventional gas resources in the Triassic formation in northeast British Columbia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-07-01 Laricina Energy

Calgary, Alberta, Canada

Laricina Energy is a private company based in Calgary, Alberta that focuses on the early stage acquisition and development of in situ Athabasca oil sands properties. Laricina’s strategy is to create value by developing a diverse portfolio of oil sands assets that leverage technology and market developments.

Sell -
Mergr

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