Repsol, S.A. (BME:REP) signed an agreement to acquire ConnectGen LLC from 547 Energy LLC for $768 million on September 7, 2023. Current ConnectGen employees, including senior management, will join the Repsol Renewables? team.
The deal is expected to be closed before end of the year, subject to customary regulatory approvals. Guggenheim Securities LLC served as financial advisor and Hopkins, Erin of Baker Botts LLP served as legal counsel to Repsol. Wells Fargo Securities LLC and Nomura Securities International Inc served as financial advisors and Robert Eberhardt, Jordan D. Roberts, David Wheat, Ryan D. Phelps, Stephen M. Jacobson, Jabir Yusoff, John D. Pitts and Zach Savrick of Kirkland & Ellis LLP served as legal counsel to Quantum, 547 Energy and ConnectGen.