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Devon Energy’s $58bn Acquisition of Coterra
By Freya Zhang, Akshi Bansal, Chak Li, Ka Ho Chan and Liu Sharon (HKUST); Utku Kaya, Omar Kanaa, Nayoung Kim, Harvey Han and Tomiwa Oshai (King’s College London) Photo: Zbynek Burival (Unsplash) Overview of the deal Acquirer: Devon Energy Target: Coterra Energy Total Transaction Size : $58 billion (Combined Enterprise Value) Announced Date February 2nd, 2026 Expected Close Date: Q2 2026 Target Advisor: Goldman Sachs, J.P. Morgan (Financial); Gibson, Dunn & Crutcher LLP
akshib27
6 days ago6 min read
Vistra Corp’s $4bn Acquisition of Cogentrix
By Arthus Marande, Mattia Colombo, and Namien Kone (ESCP), and Mateo Sy, Linh Nguyen, Nathaline Marielle, Jeongmin Oh, Parth Talwar (University of Hong Kong) Photo: Michael Pointner (Unsplash) Overview of the deal Acquirer: Vistra Corp. Target: Cogentrix Energy (Managed by Quantum Capital Group) Implied Equity Value: Approximately US$4.0-4.7 Billion Total Transaction Size: Acquisition of ~5,500 MW of natural gas–fired generation capacity across 10 facilities, funded throug
akshib27
Feb 275 min read
ADNOC's $16.4bn Acquisition of Covestro
By Moritz Ibe, Ben Preece, Avital Anoff, Annant Bhargava (University of St Andrews); Haci Eren Sidar, Leon Gaster, Adalia Melvin, Aviral...
katerinageorgiou5
Apr 10, 20255 min read
Constellation Energy’s $26.6bn Acquisition of Calpine
By Sam Elfström, Elliot Christophers and Jens Bager (Stockholm School of Economics); Zoe Thaller, Nesrine Gharbe, Stanislas Chamaud, and...
martinatk05678
Feb 25, 20255 min read
Ares Management's $3.7bn Acquisition of GLP Capital Partners
By James Searle, Greg Dargue, Cameron Hansell, Ben Motamed (Durham University); Aviral Jain, Leon Gaster, Adalia Melvin, Haci Eren Sidar...
martinatk05678
Jan 23, 20256 min read
TPG and GIC’s $7.1bn joint acquisition of Techem
By George Luo, Keshi Edirisinghe, Nika Karimi Seffat, Terry Zhang (University of British Columbia), Edoardo Tosti, Alina Shaikh,...
martinatk05678
Nov 21, 20245 min read
ConocoPhillips’ $22.5bn Acquisition of Marathon Oil
By Haci Eren Sidar, Leon Gaster, Adalia Melvin, Aviral Jain (University of Nottingham); Gabriela Pérez-Hernández, Tarvo Simons, Juan...
martinatk05678
Nov 19, 20245 min read
Masdar's $1.4bn Acquisition of Saeta Yield
By Diana Usova, Hisha Tharmarajah, Martin Atkinson, and Smit Kotak (University of Bristol) ; Grace Pui, Mateo Sy, Karson...
martinatk05678
Nov 15, 20246 min read
Exxon Mobil's $59.5bn acquisition of Pioneer Natural Resources
By Rui Ren Lee, Ardia Daniswara, Varun Vinay Iyengar, Wei Kai Lim (KCL) & Mikolaj Borowiak, Argyro Charizona, Angelo Passaro, Rares...
Michael Ten Eicken
Jul 6, 20246 min read
Chord Energy’s $3.8bn Acquisition of Enerplus
By Adam Bernabeu, Mahaut Bonnet de Roovere, and Malo Inizan (HEC), and Erica Chan, Hunter Pang, Jonathan Liu, Lasheeka Ramesh (LSE)...
Michael Ten Eicken
Mar 26, 20246 min read
Chevron's $53bn acquisition of Hess
By Alina Shaikh, Alexander Svanidze, Carlo Leopardi, Edoardo Tosto di Valminuta, Matthew Gurevich and Tommaso Arona (Boston University) &...
Victor Paquet
Nov 9, 20235 min read
Exxon Mobil’s $59.5 bn Acquisition of Pioneer Natural Resource
By Jian Wee Soh, Yagnesh Patel, Aaren Tan, Arfred Garcia, Bharath Sivakumar, Gulled Bulhan (Imperial College London), and Heather Leung,...
pierresix2002
Nov 3, 20237 min read
Brookfield’s $3.5bn Stake in FirstEnergy
By Rhys Meredith, Kian Patel, Oliver Platts, Velizar Zlatev and Salah Baaziz (University of Bristol), Jia Jian Gan, Kayla Ho and Michele...
The MergerSight Group
Apr 15, 20236 min read
X-energy’s $2.3bn SPAC Merger with Ares Acquisition Corp.
By Sean Millar, Matthew Moran and Pramoth Ragavan (University of St Andrews), and Adil Amlaiky (McGill University) Photo: Hal Gatewood...
The MergerSight Group
Mar 3, 20235 min read
Brookfield and EIG Global Energy Partners’ Planned A$18.4bn Acquisition of Origin Energy
By Carl-Gabriel Jakobsson, Charlie Blidén (Stockholm School of Economics) and Ayushman Mukherjee, Junseok Choi, Matthew L, Amar Mian...
The MergerSight Group
Dec 20, 20225 min read
Capricorn to merge with NewMed to form MENA gas and energy champion for $7.2 bn
By Anna Muizniece, Marvin Stenersen, Gabriela Lenerte (Stockholm School of Economics), Tigran Minasian, Ross Barrett, Yagnesh Patel, Jian...
The MergerSight Group
Oct 24, 20225 min read
Brookfield’s $10.2bn Acquisition of Ausnet
By Léo Clément, Dorian Song (HEC Paris), Nancy Huang, Daniel Acret (University of Melbourne) Photo: NASA (Unsplash) Overview of the deal...
The MergerSight Group
May 19, 20224 min read
Energy M&A
By: Francois Herman (McGill), Gurneek Gill (UCL), and Abilash Prabhakaran (MIT) Photo: Jason Blackeye (Unsplash) I. Industry Background...
The MergerSight Group
Dec 10, 20217 min read
Pioneer's $7.6bn Acquisition of Parsley Energy
By Hannah Ohlsson, Knut Örnéus, Edvard Bruu & Wilma Tillqvist (Stockholm School of Economics), Luca Delpippo, William Zhang, Jinghan...
The MergerSight Group
Nov 9, 20205 min read
Veolia's €2.91 Billion Acquisition of Suez
By Huang Haozhe (IE Business School), Nathan Walemba (University of Oxford) Overview of the deal Acquirer: Veolia Environnement S.A....
The MergerSight Group
Sep 17, 20205 min read
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