PE-backed Northern Blizzard Resources targeting $500 mln IPO: report
Northern Blizzard Resources Inc, a portfolio company of U.S. private equity firms Riverstone Holdings and NGP Energy Capital Management, is planning to launch an initial public offering, according to a report by Bloomberg. The report said the Canadian oil and gas company is seeking $500 million from the IPO. Riverstone and NGP plan to sell their $150 million of stock through the same offering. Based in Calgary, Northern Blizzard was founded in late 2009.
9 July 2014•1 min read
