Simpson Thacher Represents KKR in the Sale of Subsidiaries of East Resources, Inc. to Shell US E&P Investments LLC
05.28.10
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The Firm is representing Kohlberg Kravis Roberts & Co. L.P. (“KKR”) in connection with Shell US E&P Investments LLC’s agreement to acquire subsidiaries which own substantially all of the business of East Resources, Inc. (“East Resources”) for cash consideration of $4.7 billion from East Resources, KKR and Jefferies & Company. The Firm also represented KKR in connection with its acquisition of certain convertible notes issued by East Resources to an affiliate of KKR in June 2009.
East Resources is a privately-owned oil and natural gas exploration and development company based in Pennsylvania, which has, over the past few years, accumulated more than 650,000 net acres in the Marcellus shale.
The Simpson Thacher team for the transaction includes Andrew Smith, Sean Murphy and Jason Breen (M&A); Nancy Mehlman (Tax); and Brian Steinhardt (Credit). Paralegal Allison Nichols also provided valuable assistance.