M&A Deal Summary

Storm Ventures International Acquires Iteration Energy

On June 29, 2010, Storm Ventures International acquired oil/gas exploration company Iteration Energy for 579M USD

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

M&A Deal Summary
Date 2010-06-29
Target Iteration Energy
Sector Oil/Gas Exploration
Buyer(s) Storm Ventures International
Deal Type Add-on Acquisition
Deal Value 579M USD
Advisor(s) FirstEnergy Capital Corp. (Financial)

Target

Iteration Energy

Calgary, Alberta, Canada
Iteration Energy Ltd. is a provider of oil/gas exploration services.

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Buyer(S) 1

Buyer

Storm Ventures International

Canada
Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Storm Ventures International, Inc. is a provider of oil/gas exploration services.

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 (2010) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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