Kirkland & Ellis advised Maverick Natural Resources, a portfolio company of EIG, on a definitive agreement to be acquired by Diversified Energy (LSE: DEC; NYSE: DEC) for total consideration of approximately $1.275 billion. The acquisition combines two complementary asset packages, pairing high-quality Proved Developed Producing weighted production assets with the lowest corporate decline and capital intensity among peers. The combined company will have an enterprise value of approximately $3.8 billion and operate across five distinct operating regions, with a combined production base of approximately ~1,200 MMcfe/d (~200 Mboe/d).
The Kirkland team included corporate lawyers Sean Wheeler, Debbie Yee, Emily Lichtenheld, Chris Heasley, Lindsey Jaquillard, Stuart Boyd and Alexandra David; debt finance lawyers Mary Kogut and Brittany Taylor; capital markets lawyers Michael Rigdon and Robbie Dillard; tax lawyers Mark Dundon and Rebecca Leigh Fine; and executive compensation lawyers Rob Fowler and Rebekah Kostelak.
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