Velvet Energy nets $100 mln more from Warburg Pincus, Trilantic, ZAM
Velvet Energy Ltd has obtained an incremental $100 million equity line from its existing U.S. private equity investors Warburg Pincus, Trilantic Capital Partners and ZAM Ventures. The Calgary-based company, which is focused on crude oil and natural gas exploration and production in Alberta, said the investment follows an initial equity line totaling $336 million that has been fully deployed. The new funding will support Velvet Energy's pursuit of acquisitions and additional growth and corporate development opportunities, the company said. Founded in 2011, it is led by president and CEO Ken Woolner.
29 January 2015•5 mins read
