SELECTED TRANSACTIONS

NEW STRATUS ENERGY

OIL & GAS
2022

• New Stratus Energy Inc. (TSX.V - NSE) acquired from subsidiaries of Repsol S.A. an indirect 35% operated working interest in service contracts for Blocks 16 and 67 in Ecuador, which produce 14.3 kbopd.

• Significant production potential remains in the blocks and NSE has announced plans to spend c. USD 200 million to drill c. 30 development wells, following the completion of negotiations with the Government of Ecuador to extend rights to the blocks through a production sharing contract.

•This acquisition is transformative for NSE and a key stepping stone in its strategy to achieve production in excess of 50 kbopd in the following 3 – 5 years.

•Horizon acted as financial advisor to NSE playing a key role in the structuring and negotiation of the acquisition.

CENTRAL RESOURCES

OIL & GAS
2020

• Central Resources do Brasil Produção de Petróleo S.A. is an E&P company that owns and operates two mature oil & gas assets located in the Potiguar basin, in Northeastern Brazil.

• In 2020, Horizon secured a senior secured credit facility for the company, from one of Brazil’s leading financial institutions.

• Proceeds from the facility were used to refinance a departing international lender and start the execution of a medium-term development plan to produce more than 15 Mmboe from the fields.

• This strategic financing transformed Central into a robust onshore producer, ideally positioned to take advantage of consolidation opportunities.

• Horizon acted as exclusive financial advisor to Central.

WAYRA ENERGY

OIL & GAS
2019

• Wayra Energy is the Ecuadorian subsidiary of Vinccler, an international engineering and construction company .

• In 2019 Horizon raised c. USD 65 MM through equity and EPC financing provided by Elecnor (BME:ENO), a Spanish company focused on infrastructure, development and construction.

• The proceeds will be used to finance the drilling or reactivation of 52 wells located in three different oil fields.

• Horizon acted as exclusive financial advisor to Vinccler.








CANGAS

OIL & GAS
2017

• Canacol (TSX:CNE) signed an agreement to build the 82 km long Sabanas pipeline to transport c. 40 MMscfpd of gas from its plant in Jobo to the Promigas connection station in Bremen.

• The Sabanas pipeline is a key asset for the logistics of Canacol, which has become one of the leading gas producers in Colombia.

• Horizon Capital raised USD 30.5 MM from a group of private investors to finance the construction of the pipeline.

OGX

OIL & GAS
2017

• Independent oil and gas exploration and production company in Brazil that is under judicial recovery since 2014.

• Horizon was engaged as financial advisor from June 2015 until April 2017.

• The scope of Horizon’s engagement included negotiating the post-petition debt restructuring of the company, and leading its capital raising efforts.




CANACOL ENERGY

OIL & GAS
2015, 2016

•Canacol (TSX:CNE) is one of Colombia’s leading E&P companies. Canacol’s portfolio includes oil & gas assets in several stages of development across different basins in Colombia and Ecuador.

• During 2015 and 2016, Cavengas SRL and other private investors made strategic equity investments in Canacol for a total of CAD 126 MM in exchange for a significant stake in the company.

• Horizon acted as exclusive financial advisor to Canacol.

VETRA E&P

OIL & GAS
2013

• Capital International Private Equity Fund VI and Acon Investments LLC jointly acquired Vetra Energia SL.

• Founded in 2003 by a group of oil industry veterans, Vetra is one of the largest privately held independent oil producers in Colombia.

•Horizon acted as sole financial advisors to the sellers. Horizon identified the investors, structured the transaction, and assisted in the closing negotiations.

GRUPO IOWA

AGRICULTURE
2011

• USD 50 MM agriculture company in Brazil.

• Production of cotton, soybean and corn. Buy-side mandate from a European private equity fund.

• Horizon sourced the opportunity, advised on deal structuring, performed company valuation, oversaw due diligence process and assisted in final negotiations.




POSEIDON CONTAINERS

SHIPPING
2010

• Private company created to acquire distressed shipping assets.

• USD 240 MM private placement (US and European investors).

• Horizon, in conjunction with ABN AMRO and Sunrise Capital acted as financial advisor and placement agent.