Sale of the Delaware Basin Subsidiary

Lucid II started in the year 2015, December the company for Agave Energy on 2016 1st of September. 15 months later, Lucid II improved in its processing capacity by a percent of 750 on the system of South Carlsbad. It added 210 miles approximately of gathering pipeline natural gas. The Riverstone Holdings and Goldman Sachs Merchant banking division said their firsthand knowledge about Delaware Basin, capital accessibility, and their experience as investors of energy exclusively qualified them to be the sponsor of Lucid II’s sustained growth. The Goldman Sachs Merchant banking division and Riverstone Holdings bought Delaware Basin Subsidiary at an approximate of cash $ 1.6 billion. Transaction incorporated debt financing by Jeffers LLC. The first quarter of the year 2018, a closing was an expectation, which was subject to closing conditions and customary approvals. Lucid II reserved its name, it operated as Goldman Sachs MBD and Riverstone Portfolio Company. Members of the management team of Lucid II remained in their present roles. Assets for Lucid II contained within the transaction were located in the central of Delaware Basin and were referred to as processing systems. Assets comprised of 1700 miles of natural gas pipelines gathering approximately and each day 585 million cubic feet. Lucid II served the supermajor leading gas and oil producers. Riverstone Holdings said they were delighted to partner with Goldman Sachs MBD and Riverstone Holdings to help Lucid II reach its next phase, as it served the customers base, expanding needs. Goldman Sachs MBD expressed their excitement on the chance to partner together with Lucid II, to develop its growth being the leading processing business,...

Westfield: The Acquisition of the Decade

At the end of last year, Unibail-Rodamco SE, a company that Bloomberg calls “Europe‚Äôs largest commercial landlord” bought the Australian Westfield Corp for the equivalent of around $16 Billion. Westfield, prior to the acquisition was one of the largest shopping center owners in the world, with locations all over the United States and the United Kingdom. Frank Lowy, who has been the owner for over fifty years, has since handed over the CEO job to his son, Peter Lowy.

Chief Financial Officer of Unibail-Rodamco, Jaap Tonckens said…