Acon led an investor group includes the management team of Saga Petroleum, GCP Capital Partners, Wells Fargo Energy Capital and Societe Generale Investment in financing the acquisitions.
SRP said it will continue Saga’s environmentally sound and operationally efficient drilling and production processes.
As part of their investment, Acon and the co-investors have committed additional capital to enable SRP to further develop its asset base and to acquire additional strategic and synergistic assets.
Bank financing for the transaction was led by Societe Generale and includes Wells Fargo, Associated Bank and ING Bank.
