Lawyer Monthly Magazine - May 2019 Edition

What’s happening in the world of M&As and IPOs? Each month we take a look at the top deals, mergers and leases in the M&A sphere, often including exclusive insight from the law firms involved in advisory, their opinions and thoughts on the deal, and an exploration of the challenges therein. A top deal this month was EDPR announcing its first sell down transaction in North America of a 499MW portfolio of onshore wind assets. The deal is valued at USD 1803 million. Murphy Oil Corporation (NYSE: MUR) announced that its wholly owned subsidiary, Murphy Exploration & Production Company – USA (“Murphy”), has entered into a definitive agreement to acquire deep water Gulf of Mexico assets from LLOG Exploration Offshore, L.L.C. and LLOG Bluewater Holdings, L.L.C., (“LLOG”). Murphy will pay a cash consideration of $1.375 billion. Additional contingent consideration payments are based on the following: up to $200 million in the event that revenue from certain properties exceeds certain contractual thresholds between 2019 and 2022; and $50 million following first oil from certain development projects. With the M&A sphere being as proactive as ever, over the next few pages you can read some exclusive interviews with the legal experts who have been working on M&A deals that have taken across all over the globe.