Abacus Signs Agreement with Sovereign Wealth Fund to Pursue Large Oil
Acquisitions

CALGARY, Oct. 13 /CNW/ - Abacus Private Equity is pleased to announce that it has entered into an agreement with a sovereign wealth fund to pursue large oil acquisition opportunities in Canada. More specifically, Abacus will be looking for exploration, development, and production companies, or assets, of crude oil and/or bitumen. The partnership will be focused on transactions valued at over a billion dollars.

About Abacus Private Equity:
Abacus is an independent investment firm which has been successfully acquiring Canadian and international businesses for over a decade. With offices in Toronto, Vancouver, Calgary, and Montreal, Abacus employs a cross-functional team of over 40 people to assist with the evaluation and completion of its acquisitions. 

For further information:

Please visit www.AbacusPE.com or contact: