PE, Itochu-led consortium near $7b Samson acquisition
A KKR-led consortium, that is said to include Japan's Itochu Corp., is nearing the acquisition of Oklahoma-based oil- and natural-gas producer Samson Investment for $7 billion. It will mark one of the world’s most expensive PE buyouts this year if the asset sells at this price, as well as the largest-ever takeover of an oil and gas producer.
Citing sources close to the company, Reuters reported that KKR is looking to buy a 60% stake Samson assets, while Itochu is looking to own 25%. Private equity firms NGP Energy Capital Management and Crestview...
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