Kirkland Advises Chisholm on $604 Million Sale of Assets to Earthstone Energy
Kirkland & Ellis counseled Chisholm Energy Holdings, LLC on its decision to sell its assets to Earthstone Energy, Inc. (NYSE: ESTE). Chisholm is majority owned by Warburg Pincus, LLC and its affiliates. The aggregate purchase price of the Chisholm acquisition is approximately $604 million consisting of $340 million in cash at closing, subject to customary closing adjustments, $70 million of deferred cash due over the 12 months after closing and approximately 19.4 million shares of Earthstone's Class A common stock valued at $194 million based on a closing share price of $9.98 on December 15, 2021.
Read Earthstone’s press release
The Kirkland team was led by corporate partners Adam Larson, Chris Heasley, Kim Hicks and Paul Knowlton and associates Alia Heintz, Jonathan Strom and Zach Scott; and capital markets partner Julian Seiguer and associate Ieuan List.