Black Swan Energy sells to Tourmaline for C$1.2bn
Canada | August 17, 2021
Client: Black Swan Energy
Our Calgary office advised Black Swan Energy on its C$1.2bn sale to Tourmaline. Black Swan was a private equity sponsored natural gas producer formed in 2011 with operations in northeast B.C., whose principal shareholders were investment funds managed by Warburg Pincus, Azimuth Capital Management and Canada Pension Plan Investment Board.