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Blackstone Group $2 billion acquisition of EagleClaw Midstream

17/4/2017
Private acquisition
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$ 2 billion

Announced

17/4/2017

Overview:

  • Private equity firm the Blackstone Group has acquired oil and gas company EagleClaw Midstream in a $2 billion deal.
  • The seller was EnCap Flatrock Midstream.
  • EagleClaw operates in the West Texas Permian Basin.
  • Morgan Stanley and Intrepid Partners acted as financial advisers for Blackstone and Jefferies acted for EagleClaw.
  • The transaction is expected to close in July of this year.

Kurt Stumpo - Journalist

Jurisdiction:

United States

Deal type:

Private acquisition

Practice areas:

Private equity
M&A

Governing law:

United States

Industry sector:

Oil and gas

Firms:
Frost Brown Todd

Party: EagleClaw Midstream (Target)

Lawyer: Edward Moore Jr

Thompson & Knight

Party: EnCap Flatrock Midstream (Seller)

Vinson & Elkins

Party: The Blackstone Group (Acquirer)

Lawyers: Bryan Loocke, Keith Fullenweider

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