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Jones Energy Executes Definitive Agreement to be Acquired by Revolution Resources

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Deal Description: On December 6, 2019, following a competitive auction process, Jones Energy II, Inc. (OTC: JEII) (“Jones Energy”) and Revolution II WI Holding Company, LLC (“Revolution”), an affiliate of Mountain Capital Partners, LP, announced they entered into a definitive merger agreement (the “Merger Agreement”) pursuant to which Jones Energy’s stockholders will receive approximately $14.11 in cash for each share of Jones Energy Class A common stock or each unit of Jones Energy Holdings II, LLC they own, as applicable. The purchase price under the Merger Agreement is $201.5 million in cash, subject to certain potential adjustments.

Baker Botts L.L.P. represented Jones Energy in the transaction. The firm has represented Jones Energy for over a decade, including in its initial public offering, multiple acquisitions and divestitures and equity and debt offerings, and most recently assisting on certain aspects of its bankruptcy and subsequent emergence in mid-2019.

Jones Energy is an Austin-based independent oil and natural gas company engaged in the development and acquisition of oil and natural gas properties in the Anadarko basin of Oklahoma and Texas.

Baker Botts Lawyers/Office Involved:

Corporate: Mollie Duckworth (Partner, Austin); Mike Bengtson (Partner, New York); John Kaercher (Senior Associate, Austin); Leah Leipold (Associate, Austin); Michael Portillo (Associate, Austin); Dillon Sebasco (Associate, Austin)

 

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