M&A · Energy · Pipe Lines (No Natural Gas)
Chevron Corp to acquire Noble Midstream Partners LP
Announced Mar 5, 2021 · Closed May 11, 2021
Deal value—
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll stock
Transaction
- Acquirer
- Chevron Corp (CVX)
- Target
- Noble Midstream Partners LP
- Buyer type
- Strategic
- Offer price per share
- —
- Enterprise value
- —
- Status
- Closed May 11, 2021
Deal protections
Not yet read from the merger agreement.
Advisors
- To the acquirer
- Citigroup
- To the target
- Not disclosed
Sector context · Energy
- Comparable deals
- 7 in the prior 24 months
- Premium
- Sector median 41.5%
- EV / Adj. EBITDA
- Sector median 12.2x
- Break fee
- Sector median 2.6%
Timeline
- AnnouncedMar 5, 2021
- ClosedMay 11, 2021