Bregal Investments closes sale of Birchill Exploration for $256 mln
Bregal Investments, the private equity investment arm of European holding company COFRA Holding AG, has completed the previously announced sale of Birchill Exploration LP to TriOil Resources Ltd, a Canadian energy company owned by PKN Orlen SA. The deal's value was approximately $256 million. FirstEnergy Capital Corp advised Birchill on the transaction. Based in Calgary, Birchill operates oil and gas fields in the Ferrier-Strachan area of Alberta. Update: The Calgary-based TriOil was acquired by PKN Orlen, a Polish petroleum and petrochemical business, in November 2013.
6 June 2014•2 mins read
