KERN Partners exits Legacy Oil + Gas following $1.53 bln sale
Crescent Point Energy Corp (TSX, NYSE: CPG) recently closed its acquisition of Legacy Oil + Gas Inc (TSX: LEG), a Calgary-based company focused on light oil opportunities located predominantly in Western Canada. The deal, which had a total consideration of about $1.53 billion, including the assumption of debt, provided an exit to Canadian private equity firm KERN Partners. Calgary's Crescent Point said the Legacy acquisition provided it with a number of strategic benefits, including entrance into the Midale light oil resource play.
6 July 2015•9 mins read
