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New Deal


Announced

Completed

Grey Rock Investment Partners went public via a SPAC merger with ENPC in a $1.3bn deal.

Financials

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Transaction Value£1,060m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Acquisition

United States

Majority

Friendly

Merger

Single Bidder

investment company

De-SPAC

Domestic

Reverse Takeover

Investment Banking

Completed

Synopsis

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Grey Rock Investment Partners, a Dallas-based investment firm, went public via a SPAC merger with Executive Network Partnering in a $1.3bn deal. The business combination resulted in the formation of publicly traded Granite Ridge Resources. “We are excited to partner with ENPC to enter the public markets and deliver on our commitment to create healthy, risk-adjusted returns in underserved areas of the oil and gas market, while creating long-term value for Granite Ridge’s stockholders," Matt Miller, Grey Rock Co-Founder.

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