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Kekst CNC handles Lucid Energy Group as it agrees to be acquired by Targa Resources in a cash deal worth $3.6B.
Lucid’s New Mexico footprint overlays one of North America’s most economic crude oil and natural gas producing acreage.
Targa is a provider of services to the energy sector and ranks as a top midstream infrastructure,
Lucid is owned by Goldman Sachs Asset Management and Riverstone Holdings.
Riverstone partner Baran Tekkora said the transaction with Targa “will position Lucid for its next stage of growth, while creating enhanced opportunities for its employees, customers and communities.”
Kekst CNC has Daniel Yunger, Daniel Hoadley, Emma Cloyd and Teagan Chapman representing Lucid.
Publicis Groupe owns Kekst CNC.
C Street Advisory handles iRobot Corp as the marketer of the Roomba autonomous vacuum cleaner files Chapter 11 after being squeezed by cheaper competitors.
Joele Frank represents Confluent Inc. as the Mountain View, CA-based data streaming platform company agrees to be acquired by IBM in a deal with an enterprise value of $11B.
Tom Johnson, who has headed H/Advisors Abernathy since 2016, will join FGS Global as global head of private capital & financial services, effective Dec. 16.
Brunswick Group and Gagnier Communications are handling Paramount’s $30 cash per-share offer for all of Warner Bros Discovery, topping Netflix $27.50 cash/stock transaction.
ICR Inc. handles communications for Enhanced Ltd, which plans to run Olympic-type competitions with athletes using performance-enhancing drugs, as it goes public in a SPAC deal valued at $1.2B via a merger with A Paradise Acquisition Corp. of Hong Kong.
