JOG Capital-backed New Star Energy to be acquired for $215 mln
New Star Energy Ltd, a portfolio company of Canadian private equity firm JOG Capital, has agreed to be acquired for approximately $215 million, including the assumption of net debt. The identity of the Chinese buyer was not published. Directors, officers and major shareholders of New Star, representing about 55 percent of the company’s outstanding shares, have agreed to vote in favour of the deal at a shareholders meeting scheduled for June 25, 2015. Based in Calgary, New Star a light-medium crude oil and natural gas business. As reported by peHUB Canada in April 2013, JOG Capital invested in New Star at the time of its establishment in 2012.
27 May 2015•3 mins read
