Brookfield increases stake in CWC Energy Services to 73 pct
The private equity group of Brookfield Asset Management has acquired additional common shares in CWC Energy Services Corp (TSX-V: CWC), a Calgary-based provider of well services to oil and natural gas exploration and production companies in Western Canada. Brookfield, which has invested in CWC since 2007, paid close to $12 million for the shares, increasing its stake from about 70 percent to about 73 percent. As reported by PE Hub Canada, Brookfield this week closed its fourth mid-market private equity fund at its hard-cap target of US$4 billion.
3 June 2016•3 mins read
