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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.
QVC Group is using Joele Frank for strategic communications as the TV home shopping pioneer declares Chapter 11.
Publicis Groupe reported 4.5 percent Q1 organic growth in net revenues to $4.1B despite the volatile macro environment.
PondelWilkinson, the Los Angeles-based IR and strategic communications shop, has expanded to the East Coast by adding Anreder & Company veterans following the retirement of principal Steven Anreder.
Teneo represents American Ocean Minerals Corp as its merges with NASDAQ-listed Odyssey Marine Exploration to create a $1B deep-sea critical minerals research and mining platform that is under US-control.
Kekst CNC represents Cleveland-based Everstream as the business-only fiber network receives bankruptcy court approval for the sale of almost all of its operations to Bluebird Fiber for $385M.
