Sinoenergy closes $215 mln buy of JOG Capital's New Star Energy
The acquisition of New Star Energy Ltd for about $215 million, including net debt, has been closed. The buyer, which was not disclosed at the time of the transaction's announcement, was China's Sinoenergy Pacific Corp. As a wholly-owned subsidiary of Sinoenergy, New Star, a light-medium crude oil and natural gas producer, will keep its current name. The Calgary-based company has been backed by Canadian energy private equity firm JOG Capital since its founding in 2012.
20 July 2015•2 mins read
