Legacy Oil + Gas Acquires Villanova
Calgary's Legacy Oil + Gas Inc. has acquired light oil assets from a senior producer along with Villanova Oil Corp., a Regina, Saskatchewan-based exploration and development company, for a combined C$108.6 million in cash and 13.9 million Legacy common shares. The deals are expected to close in the second quarter. Villanova was backed by Canadian private equity firms, including PFM Capital and Westcap Management. Legacy has also received private equity investments in past, along with US$200 million in unsecured debt from CPPIB Credit Investments in 2012.
5 April 2013•9 mins read
