Warburg Pincus to Acquire ITG’s Calgary-based Energy Research Group
November 06, 2015
Warburg Pincus has entered into an agreement to purchase the Calgary-based energy research group of ITG (NYSE: ITG) for $120.5 million in cash. The transaction is expected to close by the end of 2015 and the group will launch under a new brand name upon closing. Covering more than 150 companies operating in North American and international energy plays, the energy research group has a dedicated team of geological and petroleum engineers, as well as financial analysts.