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New Deal


Announced

AJ Lucas to acquire a stake in Cuadrilla from Riverstone.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned48%
Capital Bid For45%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United Kingdom

Majority

Acquisition

Cross Border

Friendly

Disposal

Integrated Oil and Gas

Private

oil and gas exploration

Private Equity

Pending

Single Bidder

Synopsis

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AJ Lucas, a specialist provider to the energy, mining and infrastructure sectors, agreed to acquire a stake in Cuadrilla, an oil and gas exploration and production company, from private equity firm Riverstone. Financial terms were not disclosed. Following this acquisition, AJL’s holding in Cuadrilla will increase from its current level of 47.6% to approximately 93%, with the remainder of the shares primarily held by current and former employees.

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