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
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