Add-on Acquisition • Oil/Gas Exploration

Quintana Minerals Acquires Stone Mountain Resources

On April 1, 2011, Quintana Minerals acquired oil/gas exploration company Stone Mountain Resources from First Reserve and Quintana Capital Group

Acquisition Context
  • This is Quintana Minerals’ 1st transaction in the Oil/Gas Exploration sector.
  • This is Quintana Minerals’ 1st transaction in Canada.
  • This is Quintana Minerals’ 1st transaction in Alberta.

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M&A Deal Summary

Date April 1, 2011
Target Stone Mountain Resources
Sector Oil/Gas Exploration
Buyer(s) Quintana Minerals
Sellers(s) First Reserve
Quintana Capital Group
Deal Type Add-on Acquisition

Target Company

Stone Mountain Resources

Calgary, Alberta, Canada
Stone Mountain Resources Ltd. is a natural gas exploration and production company in Western Canada that has evolved into an unconventional gas company with interests in both the Horn River Basin and Montney shale-plays in Northeast British Columbia. Stone Mountain Resources was established in 2005 and is based in Calgary, Alberta.
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Buyer Overview 1

Buyer

Quintana Minerals

Houston, Texas, United States

Category Company
Founded 1978
Sector Oil/Gas Exploration
DESCRIPTION

Quintana Minerals Corporation is a private exploration and production company based in Houston, Texas that focused on aggregating and exploiting oil and gas properties in Canada.


Deal Context for Buyer #
Overall 1 of 1
Sector: Oil/Gas Exploration 1 of 1
Type: Add-on Acquisition 1 of 1
State: Alberta 1 of 1
Country: Canada 1 of 1
Year: 2011 1 of 1

Seller Profiles 2

SELLER

First Reserve

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 32.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

First Reserve is a specialist private equity firm focused on investments in energy companies. First Reserve targets equity investments of $50 to $500 million in companies valued from $100 million to $10 billion. Target areas of interest within the energy industry include energy manufacturing and services (drilling service providers and wellhead equipment manufacturers), energy infrastructure, energy reserves, renewable energy and alternative fuels, and energy related insurance and financial products. First Reserve was established in 1983 and is based in Stamford, Connecticut.


Deal Context for Seller #
Overall 29 of 59
Sector: Oil/Gas Exploration 9 of 16
Type: Add-on Acquisition 11 of 20
State: Alberta 2 of 5
Country: Canada 2 of 6
Year: 2011 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-09 Ansaldo Energia

Genova, Italy

Ansaldo Energia is an international player in the power generation industry, to which it brings an integrated model embracing turnkey power plants construction, power equipment (gas & steam turbines, generators, and microturbines), manufacturing and services, and nuclear activities.​ Ansaldo Energia is active as a full-service provider with a broad portfolio of heavy-duty gas turbines offering complete maintenance solutions on power generation rotating equipment and plants, built both by itself or by other OEMs. Ansaldo Energia was founded in 1853 and is based in Genova, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-04-21 Remora Energy International

Hamilton, Bermuda

Remora Energy International, L.P. (?Remora?) is a joint venture with Nabors Industries focusing on oil exploitation opportunities in Colombia. The company has assembled a large license position mainly in the Llanos basin and has already made a number of oil discoveries. Production from some of these discoveries has begun and the company is employing modern exploration methods to maximise the potential of its land position.

Sell $255M
SELLER

Quintana Capital Group

Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 950M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Quintana Capital Group is a private investment group that makes control-oriented investments in the energy industry. Quintana will consider investments across the energy spectrum, including upstream, services, and downstream. The Firm targets investments ranging from $10 to $125 million. Quintana is based in Houston, Texas.


Deal Context for Seller #
Overall 1 of 4
Sector: Oil/Gas Exploration 1 of 2
Type: Add-on Acquisition 1 of 3
State: Alberta 1 of 1
Country: Canada 1 of 1
Year: 2011 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-06-29 AmerCable

El Dorado, Arkansas, United States

AmerCable is a manufacturer of electrical power cables used in severe operating environments such as offshore drilling platforms and mines as well as specialized applications for automotive robotics and telecommunications. AmerCable was founded in 1899 and is based in El Dorado, Arkansas.

Buy $212M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-02-20 AmerCable

El Dorado, Arkansas, United States

AmerCable is a manufacturer of electrical power cables used in severe operating environments such as offshore drilling platforms and mines as well as specialized applications for automotive robotics and telecommunications. AmerCable was founded in 1899 and is based in El Dorado, Arkansas.

Sell $275M