NGP-backed Cygnet Energy to Acquire Kiwetinohk Energy
Cygnet Energy has agreed to acquire Kiwetinohk Energy Corp (KEC), a Calgary-based producer of natural gas, natural gas liquids, oil, and condensate.
The acquisition is valued at approximately C$1.4 billion ($1 billion), including debt, with Cygnet agreeing to pay C$24.75 per KEC share in cash.
- Funding for the acquisition is being provided primarily by NGP Energy Capital Management and Carlyle Group.
- ARC Financial Corp, an existing investor of Cygnet and shareholder of KEC, will roll over a portion of its KEC shares into common shares of Cygnet.
The acquisition is expected to close in late December and will be completed through a plan of arrangement under the Canada Business Corporations Act.
No additional comments were provided.
Author summary: Cygnet Energy acquires Kiwetinohk Energy for $1 billion.
More News
- Nokia commits to full AI-RAN GPU play on new Nvidia RAN compute platform - The Mobile Network
- Penguins Head to Philadelphia for Season's First Matchup Against the Flyers - The Hockey Writers Pittsburgh Penguins Latest News, Analysis & More
- Charlie Kirk’s accused killer allowed to wear street clothes in court
- US Embassy in Mali urges Americans to leave ‘immediately’
- Al Nassr Al-Ittihad Jeddah 28 10 2025 Live Score and Match Summary
- £35m centre-back ‘wanted’ & 2 Palace starters confirmed
- Dodgers pitcher, EIU alum Will Klein wins World Series game 3
- From WNBA Court To Playmate Glam: Check Out Kysre Gondrezick’s Sexiest Photos
- Fiddler Scott Woods doesn't dip his bow into politics
- Caerphilly: Reform not the only losers - as UKIP record 'comically low' number of votes