The facts are sourced from an 8-K filed with the SEC via EDGAR, published on August 30, 2024. The deal's current status is pending regulatory review.
The financial advisory roster reflects the cross-border, UK-scheme structure of this deal. On the acquirer side, Stifel Nicolaus Europe Limited and Eight Capital both served as Joint Financial Advisers to Gran Tierra, per the source sentences identifying each as "(Joint Financial Adviser to Gran Tierra)." On the target side, i3 Energy was advised by three firms: National Bank Financial Inc. served as Financial Adviser; Tudor, Pickering, Holt & Co. Securities, Canada, ULC served in a lead capacity as Financial Adviser; and Zeus Capital Limited served in a lead capacity as Rule 3 Financial Adviser, Nominated Adviser (Nomad), and Joint Broker to i3 Energy. The Rule 3 designation reflects the UK Takeover Code requirement for an independent financial adviser to provide the target board with formal advice.
Legal advisors are disclosed for both sides, reflecting multiple jurisdictions. For Gran Tierra, Ashurst LLP acted as UK legal adviser (with Stikeman Elliott LLP as Canadian legal adviser and Gibson, Dunn & Crutcher LLP as US legal adviser also referenced in the same source sentence, though only Ashurst LLP is captured as a discrete legal advisor entry). For i3 Energy, Burness Paull LLP acted as UK legal adviser (with Norton Rose Fulbright Canada LLP as Canadian legal adviser referenced in the same sentence, though only Burness Paull LLP is captured as a discrete entry).
Beyond the classification of this transaction as a cash-and-share scheme of arrangement, no further detail on the specific split between cash and share consideration, exchange ratios, or other terms is included in the facts provided.
Several items are not disclosed in this record: the transaction value is not stated, the specific cash/share consideration mix is not given, and no expected closing date is provided beyond the pending-regulatory status.