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Pine Brook leads Saguaro investment

Pine Brook, a New York-based investment firm focused on building businesses in the energy and financial services sectors, has led a group of investors in an equity financing of approximately C$315 million for Saguaro Resources, an exploration and production company headquartered in Calgary, Alberta. The investor group includes Camcor, a Calgary-based investment firm focused on the energy sector.

PRESS RELEASE

Pine Brook, a New York-based investment firm focused on building businesses in the energy and financial services sectors, has led a group of investors in an equity financing of approximately C$315 million for Saguaro Resources Ltd, an exploration and production company headquartered in Calgary, Alberta. The investor group includes Camcor, a Calgary-based investment firm focused on the energy sector.

Saguaro was formed in 2012 to pursue exploration, acquisition and development opportunities in unconventional light oil and liquids-rich natural gas plays in the Western Canadian Sedimentary Basin. The company is led by President and CEO, Stacy Knull, who previously held senior positions at Encana and Sinopec Daylight. Mr. Knull has assembled a team of industry veterans with deep experience identifying and developing unconventional resources in the Western Canadian Sedimentary Basin. Saguaro’s Chairman, Mike Graham, most recently was President of the Canadian Division at Encana.
“Pine Brook is excited to partner with Stacy, Mike and the rest of the Saguaro team,” said Andre Burba, managing director of Pine Brook’s energy investment team. “What attracted us to this investment opportunity is Saguaro’s extensive experience in developing unconventional resources and their systematic approach to creating value in these projects. We think that the opportunity set for Saguaro is quite attractive and we look forward to working with the team to capture this potential and build a successful business.”
“We truly believe Saguaro has aligned with two exceptionally talented and experienced investment firms that will serve to create even more value for our shareholders,” said Knull. “We are extremely encouraged by our early successes and believe this is only the beginning of exciting times ahead for Saguaro.”
About Pine Brook
Pine Brook is a New York-based private equity firm that makes equity investments in new and growing energy and financial services businesses. Pine Brook partners with experienced entrepreneurs and talented management teams to build sustainable, profitable businesses. For more information please visit the company’s web site at www.pinebrookpartners.com.

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Contact
Tom Faust
Stanton Public Relations & Marketing
(646) 502-3513
TFaust@StantonPRM.com

Matt Zales, Vice President of Investor Relations
Pine Brook
(212) 847-4312
Mzales@pinebrookpartners.com