TPG in Connection with MFC Industrial’s $33 Million Take-Over Bid of Compton Petroleum

Cleary Gottlieb represented TPG in connection with the sale of its holdings in Compton Petroleum Corporation as part of MFC Industrial’s $33 million take-over bid to acquire all of Compton’s common shares. The support agreement was signed on July 6 and the take-over bid was launched on July 12.

Compton Petroleum engages in the exploration, development and production of natural gas, natural gas liquids, and crude oil in western Canada. The majority of its operations are located in the Deep Basin fairway of the Western Canada Sedimentary Basin.