Quantum Capital to acquire Caerus Oil and Gas in $1.8bn deal

Quantum Capital Group has reached an agreement to purchase Caerus Oil and Gas, valuing the Rocky Mountain energy company at $1.8bn

US-based private equity company Quantum Capital Group has reached an agreement to purchase Caerus Oil and Gas, valuing the Rocky Mountain energy company at $1.8bn, reported Bloomberg, citing sources.

The deal involves Quantum Capital buying Caerus from its current investors, which include Oaktree Capital Management, Anschutz Investment Company, and Old Ironsides Energy.

Quantum’s representative declined to comment on the news, the news agency said, adding that requests for comment from Caerus, Oaktree, Anschutz and Old Ironsides also did not elicit a response.

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Source: yahoo!finance

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