M&A Deal Summary

Southern Energy Acquires Gulf Pine Energy Partners

On December 19, 2018, Southern Energy acquired oil/gas exploration company Gulf Pine Energy Partners from Pine Brook Partners for 24M CAD

Acquisition Highlights
  • This is Southern Energy’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Southern Energy’s largest (disclosed) transaction.
  • This is Southern Energy’s 1st transaction in Canada.
  • This is Southern Energy’s 1st transaction in Alberta.

M&A Deal Summary
Date 2018-12-19
Target Gulf Pine Energy Partners
Sector Oil/Gas Exploration
Buyer(s) Southern Energy
Sellers(s) Pine Brook Partners
Deal Type Add-on Acquisition
Deal Value 24M CAD

Target

Gulf Pine Energy Partners

Calgary, Alberta, Canada
Gulf Pine Energy Partners LP is an exploration and production company focused on developing light oil resources.

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Buyer(S) 1

Buyer

Southern Energy

Calgary, Alberta, Canada
Category Company
Founded 2008
Sector Oil/Gas Exploration
Employees19
Revenue 19M USD (2023)
DESCRIPTION

Southern Energy is focused on building value through the consolidation and development of gas and oil assets in the south-eastern United States, where there are a series of mature basins with proven low-cost producing assets. In addition, the south-eastern United States is strategically located near Henry Hub, which commands premium natural gas pricing. Southern Energy was founded in 2008 and is based in Calgary, Canada.

DEAL STATS #
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 (2018) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Pine Brook Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 6.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Pine Brook Road Partners is a private equity group focused on growth capital investments in the energy and financial services sectors. Specific areas of interest within the energy sector include exploration, oilfield services, transportation/storage, power generation/distribution/transmission, and biofuel/renewable resources. Specific areas of interest within financial services include insurance, banks, asset management, specialty finance, and servicing/distribution/origination. Pine Brook generally acts as the lead/control investor in newly-formed or established businesses. The Firm has a special interest in 'underappreciated or overlooked' opportunities. Pine Brook Road Partners was formed in 2006 and is based in New York City.

DEAL STATS #
Overall 15 of 25
Sector (Oil/Gas Exploration) 6 of 9
Type (Add-on Acquisition) 7 of 11
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2018) 3 of 3
Size (of disclosed) 10 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-31 Talcott Resolution

Windsor, Connecticut, United States

Talcott Resolution is an insurance company with capabilities including extensive life insurance and annuity product knowledge and rigorous risk and liability management. Talcott's primary blocks of business are variable annuities, fixed annuities, structured settlements, and corporate-owned life insurance. Talcott Resolution is based in Windsor, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-17 Brigham Minerals

Austin, Texas, United States

Brigham Minerals is an oil and gas company. Brigham focuses on utilizing advanced exploration, drilling and completion technologies to explore, develop and produce onshore U.S. crude oil and liquids reserves.

Sell -
Mergr

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