PE-Backed Cequence Acquires Donnybrook's Oil and Gas Assets
Cequence Energy Ltd., a Calgary-based company focused on the exploration, development and production of natural gas and crude oil, has entered into an agreement to transfer property and issue equity to Donnybrook Energy Inc. to acquire the latter's energy interests in the Simonette and Resthaven regions of Alberta. The total value of the transaction is estimated at about C$23 million. Cequence is currently a portfolio company of Canadian private equity firms ARC Financial Corp. and KERN Partners.
26 February 2013•6 mins read
