Pine Brook Partners leads $315 mln financing of Calgary’s Saguaro Resources

Pine Brook Partners, a New York-based private equity firm focused on investing in the energy and financial services sectors, earlier in September led a group of investors in an equity financing of approximately $315 million for Saguaro Resources Ltd, according to a report by peHUB. Founded in 2012, Saguaro is a Calgary-based company focused on the exploration, acquisition and development of unconventional light oil and liquids-rich natural gas plays in the Western Canadian Sedimentary Basin. The investor group includes Camcor, a Canadian energy-focused private equity firm. Camcor in May 2013 closed its seventh fund, Camcor Energy Fund VII, raising $350 million.

For more information about Saguaro Resources Ltd, please visit the company’s website.

Photo courtesy of Shutterstock.