Private equity firms zeroing in on Western Canada oilpatch bargains

Image Courtesy of The Canadian Press/Jeff McIntosh
Image Courtesy of The Canadian Press/Jeff McIntosh

By Dan Healing, The Canadian Press, July 17, 2016 

CALGARY — The largest energy-focused private equity firm in Calgary is ramping up its oilpatch investing pace to take advantage of bargain prices and an expected recovery in oil prices next year.

ARC Financial Corp. has been more active than usual in 2016, fuelled in part by $1.5 billion pledged a year ago to a new investment fund, said co-CEO Lauchlan Currie in a recent interview.

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