May 11, 2017
WildHorse Resource Development Corporation (NYSE:WRD) has announced that it has entered into a definitive agreement to acquire approximately 111,000 net acres and associated production from Anadarko Petroleum Corporation (“APC”) and affiliates of Kohlberg Kravis Roberts & Co. L.P. (“KKR”) for aggregate consideration of $625 million, subject to certain customary closing conditions. In conjunction with the transaction, The Carlyle Group (“Carlyle”), through its US buyout fund Carlyle Partners VI, has agreed to purchase $435 million of Series A Perpetual Convertible Preferred Stock from WRD.
Latham & Watkins LLP represents Carlyle in the transaction with a corporate deal team led by Washington, D.C. partners David Dantzic and Brandon Bortner. New York partner David Raab advised on tax matters.