M&A Deal Summary |
|
|---|---|
| Date | 2021-06-11 |
| Target | Black Swan Energy |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Tourmaline Oil |
| Sellers(s) |
Warburg Pincus
Azimuth Capital Management |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.1B CAD |
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| Category | Company |
|---|---|
| Founded | 2008 |
| Sector | Oil/Gas Exploration |
| Employees | 296 |
| Revenue | 8.7B CAD (2022) |
Tourmaline Oil focused on long-term growth through an aggressive exploration, development, production and acquisition program in the Western Canadian Sedimentary Basin. Tourmaline Oil was founded in 2008 and is based in Calgary, Alberta.
| DEAL STATS | # |
|---|---|
| Overall | 9 of 10 |
| Sector (Oil/Gas Exploration) | 9 of 10 |
| Type (Add-on Acquisition) | 8 of 9 |
| State (Alberta) | 8 of 9 |
| Country (Canada) | 9 of 10 |
| Year (2021) | 1 of 1 |
| Size (of disclosed) | 1 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-18 |
Jupiter Resources
Calgary, Alberta, Canada Jupiter Resources, Inc. is a natural gas company with operations. Jupiter Resources is based in Calgary, Alberta. |
Buy | $630M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2022-08-10 |
Rising Star
Calgary, Alberta, Canada Rising Star is an oil and gas exploration service provider based in Calgary, Alberta. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1966 |
| PE ASSETS | 83.0B USD |
| Size | Mega |
| Type | Sector Agnostic |
Warburg Pincus is a mega-sized, global private equity firm focused on investment opportunities across North America, Asia, and Europe. Warburg will consider investing at various company stages, from early-stage opportunities to distressed situations. Warburg Pincus is organized by industry groups. Verticals include financial services, healthcare, technology, media & telecommunications, energy, consumer & industrial, and real estate. Within financial services, Warburg will consider asset/wealth managers, banks, exchanges, financial technology, insurance, transaction processing, private banking, and specialty/consumer finance. Within healthcare, specific areas of interest include medical devices, healthcare services, and biotech/pharmaceuticals. Within technology/media/communications, Warburg targets software, media/internet/information, financial technology, telecom, business services, and systems/semiconductors. Within energy, specific areas of interest include oil/gas exploration, power generation/transmission, and alternative energy. Warburg Pincus raised its first fund in 1966 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 197 of 214 |
| Sector (Oil/Gas Exploration) | 17 of 24 |
| Type (Add-on Acquisition) | 73 of 82 |
| State (Alberta) | 5 of 6 |
| Country (Canada) | 6 of 7 |
| Year (2021) | 6 of 12 |
| Size (of disclosed) | 18 of 56 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-05-17 |
Premier Technical Services Group
Castleford, United Kingdom Formed in 2007, Premier Technical Services Group is a provider of specialist services to the FM and construction sectors, offering a range of industry-leading services across its four divisions: PTSG Access & Safety Ltd, PTSG Electrical Services Ltd, PTSG Building Access Specialists Ltd, and PTSG Fire Solutions Ltd. The company's highly-trained teams offer full UK coverage to clients in all industries. Headquartered in Castleford, West Yorkshire, and with 29 operational bases around the UK, we have over 1,300 dedicated employees servicing many thousands of customers and buildings nationally. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-06-28 |
Exeter Finance
Austin, Texas, United States Exeter Finance is an indirect auto finance company headquartered in Irving, Texas. The company underwrites, purchases, services, and securitizes retail installment contracts from U.S. automobile dealers. It works with more than 11,000 dealers and 475,000 customers nationwide providing indirect financing for both new and used vehicles. The company has a serviced finance portfolio of more than $7 billion. Exeter Finance was formed in 2006 and is based in Irving, Texas. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 2000 |
| PE ASSETS | 3.4B USD |
| Size | Large |
| Type | Sector Focused |
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 | 13 of 14 |
| Sector (Oil/Gas Exploration) | 11 of 12 |
| Type (Add-on Acquisition) | 8 of 9 |
| State (Alberta) | 10 of 11 |
| Country (Canada) | 10 of 11 |
| Year (2021) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-01-01 |
Whitecap Resources
Calgary, Alberta, Canada Whitecap Resources is a oil-weighted company focused on providing sustainable monthly dividends to its shareholders and per share growth through a combination of accretive oil-based acquisitions and organic growth on existing and acquired assets. Whitecap Resources is based in Calgary, Alberta. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-11-29 |
TimberRock Energy
Calgary, Alberta, Canada TimberRock Energy is an oil and gas exploration company with assets and operations focused in West-Central Alberta. TimberRock Energy was founded in 2008 and is based in Calgary, Alberta. |
Sell | - |
