Oil and Gas
Emmaline Atherton, David Risk, Liz O'Connell founded Arolytics secured additional seed funding led by BDC Capital with participation of Metiquity Ventures, Accelerate Fund III, StartupTNT. BDC's Anamika Mukherjee joined Arolytics board.
Eric Bergeron led Flyscan Systems secured financing from Marathon Petroleum which joined BDC Capital, Hatch, Enbridge as investors/shareholders. Shawn M. Lyon from Marathon Petroleum joined Flyscan board.
Cenovus Energy (TSX/NYSE: CVE) repurchased for cancellation all of the warrants (45,484,672 warrants) held by Li Ka Shing related entities for $711M.
Superior Plus Corp. to acquire Certarus Ltd. from Longbow Capital, management, and a large group of Canadian, US and European private investors/shareholders for $1.049B in cash and stock.
C. Brett Stevenson, Tom W. Buchanan, Gable T. Gross led BTG Capital Inc. final closed inaugural BTG Energy Infrastructure Partners LP Fund I at $74.2M.
McIntyre Partners and Griffon Partners backed Greenfire Resources Inc. to go public on NYSE through a proposed qualifying acquisition by M3-Brigade Acquisition III Corp. (NYSE: MBSC), valuing Greenfire at US $950M.
SaskWorks Venture Fund Inc. backed Chronos Resources Ltd. to list on TSX Venture through RTO of Samoth Oilfield Inc. and completing of up to $65M financing.
Craig Golinowski and Ryan Crawford led Carbon Infrastructure Partners (CIP) held an initial close for its new carbon life cycle focused energy fund.
Riverstone Holdings LLC to list Hammerhead Resources Inc. on NASDAQ through SPAC AQA by affiliated Decarbonization Plus Acquisition Corporation IV, valuing Hammerhead at US $882M. CEO Scott Sobie will continue to lead the combined company.
TC Energy entered into bought deal agreement with RBC Dominion Securities Inc. and Scotia Capital Inc. for the issuance of 28.4M common shares at $63.50 for $1.8 billion, or CDN $2.0B if the over-allotment option is exercised in full.
Annapolis Capital held an initial close for its eighth fund.
Validere Technologies secured US $43M Series B funding led by Mercuria Energy and BlackRock funds with participation from Nova Fleet, Pioneer Fund, Natural Gas Innovation Fund, Wing VC and Greylock Partners.
Waterous Energy Fund's Strathcona Resources Ltd. upsized credit facility by 67% to $1.5B and completed amalgamation with recently acquired Caltex Resources Ltd. and Stickney Resources Ltd.
IBBC Limited Partnership and IBBC GP, affiliates of Longbow Capital Inc., invested $15M in Vertex Resource Group. IBBC would own 20.18% of Vertex as converted basis, replacing 32 Degrees Capital as Vertex' largest shareholder
Riverstone V REL CNOR LP sold 11.72M Pipestone Energy Corp. shares at $4.55 per share for $53.32M, continuing to be largest shareholder of PEC ahead of Abu Dhabi Investment Council Company's Al Mehwar
North American Helium closed $127M tranched non-brokered private placement of common share equity led by XM Capital Partners Opportunity Fund LP