2 publicly disclosed transactions where Waterous Energy Fund played an advisory, financing or investing role, most recent first.
Dec 24, 2024
Greenfire Resources Ltd., additional 13.4% stake plus warrants
Acquirer · Oil sands (thermal oil)
Buyer Waterous Energy Fund III · Seller M3-Brigade Sponsor III LP and Brigade Capital Management LP
Bought 9,311,424 shares and 2,654,179 warrants, lifting WEF's holding to about 56.5% of Greenfire on an undiluted basis.
Sep 16, 2024
Greenfire Resources Ltd. (TSX/NYSE: GFR), 43.3% stake
Acquirer · Oil sands (thermal oil)
Buyer Waterous Energy Fund III · Seller Allard Services Limited, Annapurna Limited and Modro Holdings LLC
Private purchase of 29,988,854 Greenfire shares at US$8.05 each. It closed after the Alberta Securities Commission cease-traded Greenfire's shareholder rights plan, and WEF then requisitioned a meeting to replace Greenfire's whole board.
