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Kirkland Counsels Oil & Gas Company in USD 2.6 Billion Merger

The petroleum industry, also known as the oil & gas industry or the oil patch, includes the global processes of exploration, extraction, refining, transportation, and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline.

Kirkland & Ellis counselled Extraction Oil & Gas, Inc. on its all-stock merger of equals with Bonanza Creek Energy, Inc.

The combined company, to be named Civitas Resources, Inc., will be the largest pure-play energy producer in Colorado’s Denver-Julesburg Basin, with an aggregate enterprise value of approximately $2.6 billion.

Kirkland is an American law firm. Founded in 1909 in Chicago, Illinois, Kirkland & Ellis is the largest law firm in the world by revenue, the seventh-largest by number of attorneys, and is the first law firm in the world to reach US$4 billion in revenue.

The Kirkland team was led by corporate partners Doug Bacon and Alex Rose and associates Camille Walker and Brittany Scheier; capital markets partners Julian Seiguer and Bryan Flannery; asset partners Anthony Speier and Chris Heasley and associate Alia Heintz; and tax partner Mark Dundon and associates Joe Tobias and Courtney Loyack.

A network is your strongest asset. The Kirkland & Ellis Alumni Engagement Program connects the brightest minds in the legal industry through our alumni exclusive website, one-of-a-kind events, and lifelong career support — there are endless opportunities to build relationships.

Extraction Oil & Gas, Inc. operates as an energy company. The Company focuses on the acquisition, development, and production of oil, natural gas, and natural gas liquid reserves in the Rocky Mountains. Extraction Oil & Gas serves customers in the United States.

Kirkland Advises Valor on Closing of $1.7 Billion Growth Fund V

A growth fund is a diversified portfolio of stocks that has capital appreciation as its primary goal, with little or no dividend pay-outs. The portfolio mainly consists of companies with above-average growth that reinvest their earnings into expansion, acquisitions, or research and development.

Kirkland & Ellis counselled Valor Equity Partners, a leading growth-focused private equity investment firm headquartered in Chicago and with offices in New York City, San Francisco, and Seattle, on the final closing of Valor Equity Partners V, a $1.7 billion fund.

Fund V was substantially oversubscribed, which required an increase in the hard cap set forth at the launch of the fundraising process.

Following the Fund V close, Valor is managing approximately $7.3 billion in regulatory assets from a broad range of global, institutional, family office, and high net worth investors.

The Kirkland team was led by investment funds partners Chris Kallos, Adam Parks, Alexandria Glispie and Warren Goodworth and associates Syed Madani, Chad Rogers, Nick Kristensen and Omotunde Okesanya; and included investment funds partners Scott Moehrke and Ryan Swan; tax partner Dan Meehan; and ERISA partner Elizabeth Dyer.

Since July 2015, Kirkland has advised more than 600 unique sponsors on the formation of over 1100 funds with total capital commitments in excess of $1.42 trillion.

Kirkland & Ellis is an American law firm. Founded in 1909 in Chicago, Illinois, Kirkland & Ellis is the largest law firm in the world by revenue, the seventh-largest by number of attorneys, and is the first law firm in the world to reach US$4 billion in revenue.

Kirkland & Ellis Represents Hosen Capital

Kirkland & Ellis advised Hosen Capital a leading private equity firm focused on investing in middle-market control and growth opportunities in the food and consumer sectors in China, on the fundraising and final closing of its third USD fund at $800 million.

Hosen Capital is headquartered in Beijing and has additional offices in Chengdu, Shanghai, and Guangzhou. The firm has $2.31 billion in assets under management and focuses on investments in companies in the food and agribusiness-related companies that are either directly located in China or are directly involved in meeting demand on the Chinese market.

Hosen Capital was founded by Chris Wang and Alex Zhang and sponsored by New Hope Group, an agribusiness conglomerate in China.

The fund receives strong support from a broad mix of global investors, including prominent sovereigns, pensions, endowments, financial institutions, corporates, family offices and fund of funds.

Kirkland & Ellis LLP is an American law firm. Founded in 1909 in Chicago, Illinois, Kirkland & Ellis is the largest law firm in the world by revenue, the seventh-largest by number of attorneys, and is the first law firm in the world to reach US$4 billion in revenue.

The Kirkland team was led by investment funds partners Carol Liu and Jennifer Feng and included investment funds partners Josh Westerholm and Christopher Scully, financial services regulatory partner Romin Dabir, tax partner Aalok Virmani, government and internal investigations partner Nick Niles, employee benefits partner Elizabeth Dyer and banking regulatory of counsel Julie Kunetka.

Kirkland Advises InPost S.A. on Acquisition

Kirkland & Ellis is advising InPost S.A., the Polish parcel locker firm formerly backed by Advent International Corp. and recently listed on Euronext Amsterdam, on its proposed acquisition of 100% of the shares of Mondial Relay, the leading French eCommerce out-of-home parcel delivery platform, from Otto Group for approximately EUR 565 million.

InPost S.A. is the first company in Poland to create a network of parcel lockers – self-service parcel dispatch and collection points, open 24/7.

The proposed acquisition would allow InPost to take a major step in its ambition to become Europe’s leading out-of-home solution for eCommerce.

Kirkland & Ellis LLP is an American law firm. Founded in 1909 in Chicago, Illinois, Kirkland & Ellis is the largest law firm in the world by revenue, the seventh-largest by number of attorneys, and is the first law firm in the world to reach US$4 billion in revenue.

The proposed transaction remains subject to the completion of the consultation of Mondial Relay’s employee representative body and the obtaining of certain regulatory clearances.

The Kirkland team was led by transactional partner Laurent Victor-Michel and associate Louis Gosset; tax partner Nadine Gelli and associate Sonia Bouaffassa; antitrust and competition partner Matthew Sinclair-Thomson and associates Shahrzad Sadjadi and Samantha Hobson-Jones; technology & IP transactions associates John Patten and Ben Zeris; with additional support from transactional partner Adrian Maguire, Ben Leyendecker and associate Sebastian Haefele.

Kirkland Law Firm Represents Bluescape Energy LLC

Kirkland & Ellis is an American law firm. Founded in 1909 in Chicago, Illinois, Kirkland & Ellis is the largest law firm in the world by revenue, the seventh-largest by number of attorneys, and is the first law firm in the world to reach $4 billion in revenue.

Kirkland represented Bluescape in a common equity investment of approximately $115 million in Evergy Inc. Bluescape are an alternative investment firm that leverages their private capital, global network, and superior thinking to deliver differentiated long term investment performance.

Additionally, C. John Wilder, Executive Chairman of Bluescape, and former United States Senator Mary L. Landrieu, will join the Evergy board effective March 1.

As part of the transaction, Evergy’s Finance Committee charter has been amended to include competitive analysis and benchmarking of key operating, customer, financial and sustainability performance metrics.

The Kirkland team was led by transactional partners Shubi Arora and Enoch Varner, and associate Josh Teahen; capital markets partner Julian Seiguer; and debt finance partner Arthur Lotz.

Evergy, Inc. is an American investor-owned utility with publicly traded stock that has its headquarters in Topeka, Kansas, and in Kansas City, Missouri.

The company was formed from a merger of Westar Energy of Topeka and Great Plains Energy of Kansas City, Missouri, parent company of Kansas City Power & Light.

Kirkland Advises EQT on Expanded Partnership in IVC Evidensia

Kirkland & Ellis is advising EQT Private Equity on the additional investment and renewed long-term commitment in IVC Evidensia. As part of its long-term commitment to IVC, Kirkland advised EQT Private Equity in making a substantial investment through its EQT IX fund; Silver Lake is making a new substantial minority investment in IVC; Nestlé is also increasing its minority stake in IVC. The aggregated new investment from the expanded partnership transaction totals €3.5 billion and values IVC at an enterprise value of approximately €12.3 billion.

Headquartered in Bristol, UK, IVC is a leading veterinary services provider with a network of more than 1,500 clinics and hospitals and approximately 22,000 employees across Europe.

The Kirkland team was led by transactional partners Roger Johnson, David Holdsworth, Tom Bartram, Andreas Philipson and associate Irfan Ahmed.

Read EQT’s press release