Mergers and Acquisitions

M3-Brigade Acquisition III Corp. and Brigade Capital in the sale of its equity interests in Greenfire Resources to Waterous Energy

M3-Brigade Acquisition III Corp
Key Contact
Emmanuel Pressman

National Co-Chair, Toronto

Team
Neal Ross

Partner, Corporate, Calgary

Mike Proudfoot

Partner, Corporate, Calgary

Stephanie Shuter

Associate, Corporate, Toronto

Jasleen Sahota

Associate, Corporate, Calgary

Teresa Tomchak

Partner, Disputes, Vancouver

Lipi Mishra

Associate, Disputes, Toronto

Tamara Kljakic

Associate, Disputes, Toronto

Julie Treleaven

Associate, Disputes, Calgary

On December 23, 2024, M3-Brigade Acquisition III Corp. and Brigade Capital announced its sale of its equity interests in Greenfire Resources to Waterous Energy for an aggregate purchase price of US$81,853,033.15.

M3-Brigade Acquisition III Corp. is a special purpose acquisition company organized by the founders and senior executives of M3 Partners LP and Brigade Capital Management LP for the purpose of effecting a merger, stock purchase or similar transaction with one or more businesses.

Brigade Capital is a global alternative investment manager that focuses on credit investment strategies.

Greenfire Resources Inc. is a Calgary-based oil sands producer focused on the sustainable production and development of thermal energy resources in Alberta, Canada.

Osler, Hoskin & Harcourt LLP advised M3-Brigade Acquisition III Corp. and Brigade Capital with a team consisting of Many Pressman, Neal Ross, Mike Proudfoot, Stephanie Shuter, Jasleen Sahota (Corporate), Teresa Tomchak, Lipi Mishra, Tamara Kljakic and Julie Treleaven (Litigation).

Value
US$81.8 million
Date Announced
Dec 23, 2024
Lead Office
Toronto
Key Contact
Emmanuel Pressman

National Co-Chair, Toronto

Team
Neal Ross

Partner, Corporate, Calgary

Mike Proudfoot

Partner, Corporate, Calgary

Stephanie Shuter

Associate, Corporate, Toronto

Jasleen Sahota

Associate, Corporate, Calgary

Teresa Tomchak

Partner, Disputes, Vancouver

Lipi Mishra

Associate, Disputes, Toronto

Tamara Kljakic

Associate, Disputes, Toronto

Julie Treleaven

Associate, Disputes, Calgary