Private equity firms plan novel ways to exit from oil investments ...Qatar

Gulf Times - News
Private equity firms plan novel ways to exit from oil investments
Private equity firms that piled into oil-production assets in the past few years now find themselves stuck, and forced to contemplate novel ways to make an exit. Even with the recent vaccine-induced surge in oil prices, industry executives say initial public offerings – the traditional method for realising gains from private-equity consolidation and dealmaking – are unlikely. So one recent deal, the planned reverse takeover of Premier Oil Plc by Chrysaor Holdings Ltd, has caught their attention. “There are hundreds of private companies that need to merge, need to go public or monetise in some way,” said Dennis Cornell, managing director of private equity solutions at Moelis & Co, a boutique

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