Investment Summary

Suncor Invests In Svante

On March 18, 2021, Suncor invested in energy services and equipment company Svante

Investment Highlights
  • This is Suncor’s 2nd transaction in the Energy Services and Equipment sector.
  • This is Suncor’s 2nd transaction in Canada.
  • This is Suncor’s 1st transaction in British Columbia.

Investment Summary
Date 2021-03-18
Target Svante
Sector Energy Services and Equipment
Investor(s) Suncor
Deal Type Stake Purchase
Advisor(s) Fort Capital Partners (Financial)
Blake, Cassels & Graydon (Legal)

Target

Svante

Burnaby, British Columbia, Canada
Svante offers companies in emissions-intensive industries a commercially viable way to capture large-scale CO2 emissions from existing infrastructure, either for safe storage or to be used for further industrial use in a closed-loop. With the ability to capture CO2 directly from industrial sources at less than half the capital cost of existing solutions, Svante makes industrial-scale carbon capture a reality. Svante is based in Burnaby, British Columbia.

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Investor(S) 1

Investor

Suncor

Calgary, Alberta, Canada
Category Company
Founded 1917
Sector Energy Services and Equipment
Employees14,906
Revenue 52.2B CAD (2023)
DESCRIPTION

Suncor is an integrated energy company. Suncor's operations include oil sands development and upgrading, conventional and offshore oil and gas production, petroleum refining, and product marketing under the petro-canada brand. Suncor was incorporated in 1917 and is based in Calgary, Alberta.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 2 of 2
Type (Stake Purchase) 1 of 1
State (British Columbia) 1 of 1
Country (Canada) 2 of 2
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-31 Suncor Energy - Petro-Canada Lubricants Business

Mississauga, Ontario, Canada

The Petro-Canada Lubricants plant, located in Mississauga, Ontario is the largest producer of base oils in Canada with 15,600 barrels per day of lubricant production capacity, and is the only North American producer of high margin Group III base oils. The facility is downstream integrated from base oils to finished lubricants and produces a broad spectrum of specialty lubricants and white oils which are distributed to end customers worldwide. The Petro-Canada Lubricants business will bring HollyFrontier industry leading product innovation and R&D capabilities, a global sales and distribution network and strong brand portfolio recognized globally.

Sell CA$1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-05 Suncor Energy Norge

Stavanger, Norway

Suncor Energy Norge is a unique and sustainable energy company. Suncor Energy Norge is based in Stavanger, Norway.

Sell -
Mergr

Product

Company

Legal