Tamarack buys PE-backed Spur Resources in $407.5 mln deal
Tamarack Valley Energy Ltd (TSX: TVE) has acquired all of the issued and outstanding shares of Spur Resources Ltd, a Calgary oil and gas company focused on the exploration, development, and acquisition of properties in Alberta and Saskatchewan. The deal, which was announced last November, has a total value of $407.5 million, including debt. As part of the transaction, investors in Spur Resources received shares in a newly-formed Tamarack company called Spur Petroleum Ltd. Founded in 2006, Spur Resources has been backed by Apex I, a fund managed by Canadian private equity firm PFM Capital.
16 January 2017•3 mins read
