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Joele Frank is handling Chevron’s acquisition of Denver-based PDC Energy via an all-stock transaction valued at $6.3B.
The transaction adds 10 percent to Chevron’s proven reserves at a cost under $7 per barrel.
The transaction “enhances Chevron’s objective to safely deliver higher returns and lower carbon,” said CEO Mike Wirth.
PDC’s production sites are adjacent to Chevron’s fields in Colorado’s Denver Julesburg Basin and add to its holdings in the Permian Basin in Texas.
Joele Frank, Wilkinson Brimmer Katcher’s Andrew Siegel and Mahmoud Siddig represent PDC Energy.
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.
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