Halliburton and Baker Hughes today agreed to a $35B merger that shrinks the Big Three energy services giants into the Big Two.
Halliburton had threatened to go hostile in the event smaller Baker Hughes decided to fight its takeover overtures.
The boards of the respective company unanimously approved the transaction to create a $52B revenues giant with 136K workers active in more than 80 countries.
Dave Lesar, Halliburton CEO, said the merger creates a Houston-based "global oilfield services champion."
Joele Frank, Wilkinson Brimmer Katcher reps Halliburton on the deal, while Abernathy MacGregor works for Baker Hughes, whose investors will 36 percent of the combined entity.
Schlumberger Ltd dominates the oil patch.
Teneo is handling the initial public offering of CVC Capital Partners, one of Europe’s largest private equity firms with nearly $200B in assets under management.
Brunswick Group represents Endeavor Group Holdings as it agrees to go private via its acquisition by Silver Lake technology investment firm, which is handled by Edelman Smithfield.
Tod Donhauser, a nine-year veteran of Edelman, has joined H/Advisors Abernathy as managing director and head of its San Francisco office.
Intelligent Group Ltd, a Hong Kong-based financial PR firm, has priced its initial public offering of 1.9M shares at $4, which is the low end of the $4 to $5 range.
Kekst CNC represents Grant Thornton as it sells a majority stake in its US arm to New Mountain Capital, which relies on Goldin Solutions, in what is billed as the largest PE investment in the accounting and advisory sector.
Have a comment? Send it to 
No comments have been submitted for this story yet.