Investment Summary

PFM Capital and Azimuth Capital Management Invest In Karve Energy

On August 1, 2014, private equity firms PFM Capital and Azimuth Capital Management invested in oil/gas exploration company Karve Energy

Investment Highlights
  • This is PFM Capital’s 9th and Azimuth Capital Management’s 12th transaction in the Oil/Gas Exploration sector.
  • This is PFM Capital’s 19th and Azimuth Capital Management’s 11th transaction in Canada.
  • This is PFM Capital’s 9th and Azimuth Capital Management’s 11th transaction in Alberta.

Investment Summary

Date 2014-08-01
Target Karve Energy
Sector Oil/Gas Exploration
Investor(s) PFM Capital
Azimuth Capital Management
Deal Type Growth Capital

Target

Karve Energy

Calgary, Alberta, Canada
Karve Energy is an oil and gas company focused on the Viking formation. Karve Energy is based in Calgary, Alberta.

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Investor(S) 2

Investor

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 20 of 40
Sector: Oil/Gas Exploration M&A 9 of 11
Type: Growth Capital M&A Deals 2 of 15
State: Alberta M&A 9 of 14
Country: Canada M&A 19 of 38
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-08 Highrock Energy

Calgary, Alberta, Canada

Highrock Energy Ltd. is a Saskatchewan based private light oil company engages in the exploration, development, and production of oil focused projects in Southeast Saskatchewan.

Sell $194M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Centre Square Place

Regina, Saskatchewan, Canada

Centre Square Place is a sophisticated, stylish, and distinctive condominium living in downtown Regina. Choose from tenth storey penthouses, one to two bedroom + media room/den condominiums or two-story townhouses. Centre Square Place offers the convenience of living close to work, shops, restaurants, and Wascana Lake. Centre Square Place is based in Regina, Saskatchewan.

Sell -
Investor

Azimuth Capital Management

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 5.8B USD
Size Mega
Type Sector Focused
DESCRIPTION

Azimuth Capital Management is an independent Canadian private equity firm focused on the energy sector. Azimuth makes equity investments in early stage and emerging energy companies focused on resource and infrastructure development. The Firm generally invests in Canadian companies but will consider opportunities in the US as well. Azimuth Capital Management is based in Calgary.


DEAL STATS #
Overall 15 of 20
Sector: Oil/Gas Exploration M&A 12 of 16
Type: Growth Capital M&A Deals 5 of 9
State: Alberta M&A 11 of 15
Country: Canada M&A 11 of 15
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-26 MEG Energy

Calgary, Alberta, Canada

MEG Energy is an exploration and production company focused on developing oil sands in the Athabasca region of northern Alberta, Canada. MEG Energy is based in Calgary, Alberta.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Coda Petroleum

Calgary, Alberta, Canada

Coda Petroleum, Inc. is a private junior oil and gas company focused on the exploration and development of oil prospects in the WCSB. Coda Petroleum is based in Calgary, Alberta.

Sell -