Carlyle and NGP funds support Cygnet’s agreement to acquire Kiwetinohk

Cygnet agreed to acquire Kiwetinohk Energy for CAD 24.75 per share, approximately CAD 1.4 billion including equity and assumed net debt. NGP and Carlyle investment funds would provide most of the funding, and Carlyle would join Cygnet as a new investment partner. ARC Financial agreed to roll over part of its holding. Carlyle’s individual investment amount was not disclosed.