LED ACQUISITION OF ENERGY BEHEMOTH

Private Equity Firm


US$635MM acquisition of one of the largest privately held energy services business in the United States by a leading private equity sponsor.

Challenge
Private equity sponsor developed a thesis to acquire and grow a leading energy services business.

Solution

  • Executed acquisition of business on behalf of private equity sponsor.
  • Led commercial negotiations with sellers, lenders, equity co-investors & management.
  • Led due diligence in support of the acquisition across all areas including: Industry Study, Quality of Earnings, Taxation, Legal, Human Resources, and Insurance.
  • Managed external consultants to develop work product on time and cost.
  • Developed growth forecast for the business.
  • Worked with management to develop 120 day plan to implement initiatives post acquisition.
  • Managed leveraged loan financing of business including negotiation of financial covenants, documentation of credit agreement, execution of hedging instruments and discussions with rating agencies.
  • Preparation of investment committee presentations on behalf of private equity sponsor.

Results

  • Successfully acquired energy services business on behalf of a leading private equity sponsor.
  • Arranged leveraged loan financing in a challenging market environment.
  • Helped sponsor successfully implement operating initiatives post acquisition.