CPPIB invests $60 mln in PE-backed Cequence Energy
Cequence Energy Inc (TSX: CQE), a Calgary-based oil and gas exploration and development company, has arranged to receive $60 million in unsecured notes from the credit investment arm of Canada Pension Plan Investment Board (CPPIB). This funding, which may be supplemented by another $60 million in future, will be used to accelerate development of the company's Simonette project in Western Canada. Cequence, a portfolio company of Canadian private equity firms ARC Financial Corp, JOG Capital and KERN Partners, has as part of the transaction granted CPPIB warrants to purchase common shares.
4 October 2013•9 mins read
