Vanguard Natural Resources, LLC to Acquire LRR Energy

April 21, 2015
Houston, TX -- Paul Hastings LLP, a leading global law firm, announced today that it represented Vanguard Natural Resources, LLC (Vanguard) in the negotiation of a definitive Purchase Agreement and Plan of Merger to acquire LRR Energy, L.P.  and its general partner, LRE GP, LLC (the “General Partner”), in exchange for common units representing limited liability company interests in Vanguard, implying a transaction value of approximately $539 million, including the assumption of LRR Energy’s existing debt. 

The agreement provides that a wholly owned subsidiary of Vanguard will merge with and into LRR Energy and, simultaneously, Vanguard will acquire all of the limited liability company interests in the General Partner.  As a result of the transaction, LRR Energy, L.P. and the General Partner will become wholly owned subsidiaries of Vanguard.  The transaction is subject to customary closing conditions.

Energy M&A partner Jimmy Vallee and MLP Capital Markets partner Doug Getten led the Paul Hastings team, which also included Energy M&A associates Kim Hicks and Will Mabry, MLP Capital Markets associate Matthew Hendrix, MLP Tax partner Greg Nelson and Antitrust partner Scott Hataway.

Paul Hastings is a leading global law firm with a strong presence throughout Asia, Europe, Latin America, and the United States. Through a collaborative approach, entrepreneurial spirit, and commitment to client service, the professionals of Paul Hastings deliver innovative solutions to many of the world’s top financial institutions and Fortune 500 companies.