IFLR1000

Pine Brook/Riverstone Holdings $600 million investment in Admiral Permian Resources

9/3/2017
Financial investment
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$ 600 million

Announced

9/3/2017

Overview:

  • Private equity firms Pine Brook and Riverstone Holdings have made a $600 million line of equity investment in oil and gas exploration and development company Admiral Permian Resources.
  • The newly-formed Admiral focuses on developing and acquiring assets in the Permian Basin.
  • Admiral is based in Midland, Texas.
  • The Permian Basin has remained a site of investor activity in 2017.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Financial investment

Practice area:

M&A

Governing law:

United States

Industry sector:

Oil and gas

Firms:
Vinson & Elkins

Party: Riverstone Holdings (Investor)

Lawyer: Dan Komarek

Weil Gotshal & Manges

Party: Admiral Permian Resources (Target)

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