Dallas Texas–April 14th 2017—Blackhill Partners LLC (“Blackhill”) is pleased to announce that it has been recognized by the Global M&A Network for its role in the Restructuring of Pacific Exploration & Production Corp.  The award recognizes the best value-creating multi-jurisdictional Restructuring above US$5B.

Gabriel de Alba, Managing Director and Partner of Catalyst, said, “With multiple jurisdictions involving numerous regulators, courts, creditors and stakeholders, Pacific E&P’s restructuring was a success only because of the effort of everyone involved. This included those within the company, among the creditor groups and across the advisor community. Through these efforts, Pacific E&P emerged from its recapitalization with a renewed strategic focus, immediately relisted as a public company and has the right leadership in place to drive value creation for all stakeholders.”

Blackhill was also recognized for its role in the Restructuring of Trans Energy and sale to EQT, including certain assets affiliated with Republic Energy Ventures. Jeff Jones, Managing Director, led Blackhill’s work on Trans Energy. “It took us a year to work through the issues of an uneasy drilling partnership, environmental issues, separate private and public equity holder and lender groups, and of course $2.00 gas. Patience, persistence and creative structuring paid off in a deal with EQT that worked extraordinalily well for everyone.”

The 3rd award and well deserved recognition is for Blackhill’s Jim Latimer.  Jim was recognized as the Global Turnaround Consultant of the Year.   We are honored that Jim is part of the Blackhill team and represents our values driven by performance and principles.  Congratulations Jim!

The Turnaround Atlas Awards exclusively honors excellence from the restructuring, distressed investing, insolvency, special situations M&A transactions and turnaround communities. The independent awards recognize achievements in the categories of best value-creating transactions, outstanding firms, top professionals, and influential leaders. The winners are selected independently on performance criteria such as style, pre/post workout, survivability and sustainability, operational/client/HR metrics, number of creditors, timeliness, jurisdiction; resourcefulness; among additional criteria unique to the award category.

Blackhill Partners is an investment bank specializing in complex situations. Our team combines independence, agility and discretion with a track record of solving industry’s most challenging situations. Blackhill’s professionals have advised on more than $250 billion of mergers, acquisitions, financings and restructurings. For more information, please visit BlackhillPartners.com.

 

Experience

Bringing valuable perspective that gives clients an advantage.