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TPG in lead to buy stake in Creative Planning at $15bn valuation. (Financial Sponsors)
Shale producer Validus to buy Citizen Energy in deal worth over $2bn.
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UK real estate portal Rightmove will consider a sweetened ￡6.2bn ($8.29bn) takeover bid from Rupert Murdoch-owned Australian firm REA Group , after rejecting three previous bids, Reuters?reported.
The new proposal from REA, a property listing firm, comprises an offer price of 775 pence per share, a 17% premium to Rightmove's closing price on Thursday. The company has also offered an additional special dividend of 6 pence per share.
Rightmove is advised by 摩根士丹利 . REA Group is advised by 德意志银行 (led by Gavin Deane ) and 博然思维集团 (led by Simon Sporborg ).
Devon Energy , an independent energy company that is involved primarily in oil and gas exploration, completed the acquisition of the Williston Basin business of Grayson Mill Energy , a Houston-based energy exploration and production company, for $5bn.
“We are excited to announce the completion of our acquisition of Grayson Mill Energy. This strategic transaction is an excellent fit for Devon, enabling us to efficiently expand our operating scale and production. I would like to thank the teams working together for their hard work and look forward to the successful integration,” Rick Muncrief, Devon Energy President and CEO.
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Devon Energy was advised by 花旗 and Kirkland & Ellis (led by David Castro Jr. , Lindsey Jaquillard and Kyle Watson ). Grayson Mill Energy was advised by Jefferies and Vinson & Elkins (led by Bryan Loocke).
PRIO , a fuel and renewable energy services provider, agreed to acquire a 40% stake in Peregrino and Pitangola Fields from SPEP ENERGY and 中国中化 , a Chinese state-owned multinational conglomerate, for $1.91bn.
"After the acquisition's conclusion, the company's production will increase by approximately 35 thousand barrels per day. Additionally, PRIO sees synergies in marketing the Field’s oil, as each offtake from Peregrino of approximately 650 thousand barrels can be combined with cargo loads from other fields operated by the company to optimize logistics," PRIO.
PRIO is advised by 美国银行 and Tauil & Chequer Advogados associado a Mayer Brown . Sinochem is advised by Jefferies .
TPG in lead to buy stake in Creative Planning at $15bn valuation. (FS)
Buyout firm TPG has emerged as the frontrunner to pick up a minority stake worth $2bn in Creative Planning , in a deal that could value the wealth management firm at more than $15bn, Reuters reported.
The deal would mark TPG's second such bet on a wealth manager within a week and underscores the burgeoning demand for dealmaking in the sector that generates lucrative fee income for managers. On September 26, TPG clinched a deal to buy a minority stake in Homrich Berg.
Shale producer Validus to buy Citizen Energy in deal worth over $2bn.
Privately held oil and gas producer Validus Energy has struck a deal to buy rival Citizen Energy for more than $2bn, including debt, Reuters reported
A record consolidation wave has been sweeping through the US shale industry. A post-COVID surge in oil prices flooded the sector with cash, and buyers have been seeking to lock up the best drilling sites.
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