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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.
Prosek Partners represents Nuveen as it acquires London-based Schroders, which relies on Brunswick Group for PR counsel, in a $13.5B deal.
Qualcomm has recruited Brett Simpson for the senior VP-IR slot at the San Diego-based wireless technology company.
Reevemark handles Eddie Bauer LLC as the retailer inks a Chapter 11 restructuring pact that has it conducting liquidation sales at its US and Canadian stores while working to find a buyer for either all of or part of the chain.
Prosek Partners hires FTI Consulting vet David Roady to build and deepen its relationships in the corporate sector, particularly with chief communications officers and C-suite executives.
Kekst CNC handles Crestview Partners as the private equity firm acquires Tailwind Hospitality, operator of food, beverage and retail concessions in non-hub and regional airports, from Palladin Consumer Retail Partners.
