One-Page Deal Sheet
KKR, Williams to Acquire DJ Basin-Focused Discovery Midstream for $1.2B
Kohlberg Kravis Roberts & Co. (KKR), Williams Companies, Inc. Discovery Midstream Holdings LLC
Announced Date
July 30,2018
Transaction Type
Corporate
Location
Region
Rockies - DJ Basin
Country
United States
State
Colorado
County
Weld ,Adams
Play
Transaction Details: Require Private Equity Subscription
KKR, in a partnership with Williams, has entered into an agreement to acquire Discovery Midstream from TPG Growth for approximately $1.2 billion.
Discovery will be led by its existing management team and Williams’ initial economic contribution and ownership will be 40% of the purchase price, while KKR’s initial economic contribution and ownership will be 60% of the purchase price. Williams will be the operator of Discovery and will hold a majority of governance voting rights.
Discovery's AssetsDallas-based Discovery operates in the southern portion of Colorado’s DJ Basin. The company’s…
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