Blackstone and Warburg Pincus to Sell Kosmos Shares
July 11, 2014
The Blackstone Group and Warburg Pincus have announced an agreement to sell 17 million common shares of Kosmos Energy (NYSE: KOS). At current market prices, that would net the firms about $170 million—a tidy sum, if somewhat less than the prior secondary offering in February 2013 that netted the firms almost $380 million. Blackstone and Warburg Pincus funded Kosmos several times prior to taking the company public in a $594 million IPO in May 2011.