Warburg Pincus-backed Endurance closes StonePoint buy
Endurance Energy Ltd has completed its previously-announced buy of StonePoint Energy Inc (TSX-V: STO), a junior oil and gas business. The deal, which reflected a total purchase price of about $16.75 million, will see StonePoint delist its shares on the TSX Venture Exchange this week. Based in Calgary, Endurance was created in 2008 to acquire and develop natural gas assets in Western Canada. It has been portfolio company of U.S. private equity firm Warburg Pincus since 2012.
4 September 2015•2 mins read
