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New Deal


Announced

Completed

Alder Midstream completed its acquisition of IACX Energy.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

exploration & production

Private

oil and gas

Integrated Oil and Gas

Acquisition

Private Equity

Single Bidder

Completed

United States

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Synopsis

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Alder Midstream, a part of the Glenfarne Group, a privately held energy and infrastructure development and management firm, completed its acquisition of IACX Energy, which produces oil and gas. Financial terms were not disclosed. “As global energy demand grows with emerging technologies, clean-burning natural gas is expected to represent nearly half of new energy consumption over the next several decades, and demand for natural gas liquids and helium is expected to remain high as well. Alder Midstream is focused on improving existing gas infrastructure assets and constructing new projects to facilitate gas flow globally,” Brendan Duval, Glenfarne Group Founder and Managing Partner.

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