Canbriam Energy has completed a CDN $100 million or US $75 million private equity raise on a pro-rata basis from existing sponsors, Warburg Pincus, ARC Financial, Ontario Teachers’ Pension Plan, BlackRock and State Street (formerly GE Capital). The financing closed on June 30, 2017.
“This planned equity investment will help fund the infrastructure additions required for continued profitable growth of our Altares Montney asset, ” said Paul Myers, Canbriam President & Chief Executive Officer.
Canbriam Energy Inc. is a private intermediate exploration and production (E&P) company focused on generating full cycle returns from its Montney asset in all commodity price cycles through ownership of all processing and water handling infrastructure, maintaining a low operating cost structure and through proactive risk management that includes hedging commodity price exposure.
Canbriam Energy was founded in 2007 and is headquartered in Calgary, Alberta with an office in Fort St. John, British Columbia.
Canbriam Energy secured an equity financing arrangement of up to US $300 million in February 2008 from Warburg Pincus, ARC Financial, and raised $150 million from Ontario Teachers in 2012.