The facts are sourced from an 8-K filed with the SEC via EDGAR, published on January 8, 2024. The deal's current status is pending regulatory review.
On the financial advisory side, TPH&Co., the energy business of Perella Weinberg Partners, represented Variperm as financial advisor, per language stating that "Variperm was represented by TPH&Co., the energy business of Perella Weinberg Partners, as financial advisor." On the acquirer side, Goldman Sachs & Co. LLC represented Forum Energy Technologies as financial advisor, consistent with the statement that "FET was represented in the transaction by Goldman Sachs & Co. LLC as financial advisor." No lead or non-lead designation is specified for either advisor in the facts provided.
Legal counsel is disclosed for both sides. Variperm was represented by Vinson & Elkins LLP and Bennett Jones LLP as legal counsel. Forum Energy Technologies was represented by Gibson, Dunn & Crutcher LLP and Goodmans LLP as legal counsel. The pairing of US and Canadian firms on each side (Vinson & Elkins with Bennett Jones for the target, and Gibson Dunn with Goodmans for the acquirer) reflects the cross-border nature of the deal as described in the source sentences.
Beyond the classification of the transaction as a cash-and-stock acquisition and the $150,000,000 disclosed value, no further detail on the specific mix of cash versus stock consideration, financing structure, or other terms is included in the facts provided.
Several items are not disclosed in the available record: the precise split between cash and stock consideration is not specified, no expected closing date is given beyond the pending-regulatory status, and no lead designation is assigned to either financial advisor.