Hero Technologies Inc (HENC)

[tchauncy]

Tristone was recently purchased by Macquarie Bank. One of Australia's largest and an international energy lender. With HENC's assets in Australia, an area that Macquarie certainly knows well, the pleasant surpise, IMO, is not that we went to Tristone, it is that Tristone took us on as a client. Once again, a very strong endorsement of HENC's assets.

Macquarie Group to Acquire Global Energy Advisory Firm, Tristone Capital Global Inc.
28 May 2009

CALGARY — Macquarie Group (“Macquarie”) (ASX:MQG) today announced it has entered into an agreement to acquire Tristone Capital Global Inc. (“Tristone”). The acquisition will substantially enhance Macquarie’s energy offering by integrating Tristone’s energy advisory and capital markets capabilities within Macquarie’s global resources activities. This acquisition will create an integrated energy platform, offering advisory, capital markets, research and trading expertise.

With offices in Canada, the United States, the United Kingdom and Argentina, Tristone is an independent energy advisory firm providing fully integrated corporate finance, acquisitions & divestitures (“A&D”), equity capital markets (“ECM”), and sales, trading and research services. Tristone focuses exclusively on the global energy sector, providing technical and financial services to exploration and production companies, oilfield service and midstream companies, government entities, royalty trusts, limited partnerships and institutional investors worldwide. Tristone employs approximately 170 people.

John Prendiville, Global Head of Resources for Macquarie Capital said: “Tristone is a highly regarded global independent energy advisory firm and we are delighted to have them join us. Macquarie Capital has had a long and very successful history in the resources sector globally, but have been keen for some time to expand our reach, particularly in the energy space. The acquisition of Tristone creates a fully integrated global energy group that can offer a full suite of products to our clients in whatever region they exist.”

“The combined business gives us an increased presence in vital energy-sector hubs around the world, particularly in Calgary, Houston, Denver and London, and a new Macquarie presence in Buenos Aires. This will greatly enhance Macquarie’s global advisory network of more than 210 dedicated resources and energy sector professionals, supported by Macquarie’s growing global ECM franchise. By combining the research platforms, Macquarie will cover approximately 250 energy-related companies in every major oil and gas basin in the world,” Mr Prendiville said.

Paul Donnelly, President and CEO of Macquarie Capital Markets Canada, said: “Macquarie’s investment in Tristone’s team of highly respected professionals is consistent with our approach of providing clients with extensive industry expertise and international reach in key global industries. It continues the expansion of our advisory and capital markets activities and other related industries including leading pipeline and utility companies who are an important part of our infrastructure business."

George Gosbee, Chairman, President and CEO of Tristone said: “Partnering with Macquarie represents an outstanding opportunity for both Tristone and its staff. Joining a larger, yet like-minded financial institution such as Macquarie is the logical evolution of our business. This transaction is especially attractive in light of the additional opportunities and resources it will offer our clients and our staff. Macquarie’s global breadth and expertise in resources will offer our existing clients access to its record of success and innovation.”

Following a transition period, Tristone will be fully integrated into Macquarie, with its acquisitions and divestitures division to be branded “Macquarie Tristone” . Under Macquarie ownership, the majority of Tristone’s employees will remain in their existing locations and will be joined by other locally based Macquarie staff. Macquarie Capital’s Northern Hemisphere energy business will be headed by Dan Cristall, and will be chaired by George Gosbee.

http://www.macquarie.com/uk/about_macquarie/media/20090528.htm

Here is a link to a PDF file put out by Macquarie that talks of the combined entity.

http://www.tristonecapital.com/upload/media_element/6/01/macquarie-tristone--creating-an-integrated-energy-platform.pdf?1251732662