October 13, 2010, Calgary, Alberta – Abacus Private Equity is pleased to announce that it has entered into an agreement with a sovereign wealth fund to pursue large oil acquisition opportunities in Canada. More specifically, Abacus will be looking for exploration, development, and production companies, or assets, of crude oil and/or bitumen. The partnership will be focused on transactions valued at over a billion dollars.
About Abacus Private Equity:
Abacus is an independent investment firm which has been successfully acquiring Canadian and international businesses for over a decade. With offices in Toronto, Vancouver, Calgary, and Montreal, Abacus employs a cross-functional team.
For further information please visit www.AbacusPE.com or contact:
Managing Director & Chief Investment Officer
Abacus Private Equity