Transaction|January 10, 2014
KKR to invest in Torq Energy Logistics, Ltd.
Torys acted as counsel to KKR with a team that included Derek Flaman, David Cuschieri, Amy Maginley and Craig Maurice.
On December 24, 2013, Torq Energy Logistics, Ltd. (Torq), an affiliate of Torq Transloading Inc., and Kohlberg Kravis Roberts & Co. L.P. (KKR) announced that they entered into a definitive agreement, pursuant to which KKR committed to invest a total of C$250 million in Torq, to fund its capital program and acquisition strategy.
The investment, which closed January 10, 2014, was made by KKR North American Fund XI and other associated funds.
Torq, an affiliate of Torq Transloading Inc., is a private company formed to provide transloading services in Western Canada.
KKR is a leading global investment firm with US$90.2 billion in assets under management, as of September 30, 2013.
Further information can be found on KKR's website.
The investment, which closed January 10, 2014, was made by KKR North American Fund XI and other associated funds.
Torq, an affiliate of Torq Transloading Inc., is a private company formed to provide transloading services in Western Canada.
KKR is a leading global investment firm with US$90.2 billion in assets under management, as of September 30, 2013.
Further information can be found on KKR's website.