KKR Invests $75.3M In Canadian Energy Co. Westbrick

Law360, New York (November 19, 2012, 4:54 PM EST) -- New York private equity giant KKR & Co. LP has made a strategic investment of CA$75 million (US$75.3 million) in Canadian oil and gas company Westbrick Energy Ltd. and will invest an additional CA$175 million of equity capital in the energy firm, Westbrick said Monday.

KKR closed on the initial CA$75 million investment Monday, according to the statement by Calgary, Alberta-based Westbrick. The financing will go toward Westbrook's capital program and acquisition strategy, the company said.

The PE firm has also committed to fund future follow-on...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.