About Petrie Partners
Petrie Partners is a boutique investment banking company. The company offers financial advisory services to the oil and gas industry. The company provides advice on mergers, divestitures, acquisitions, and private placements. It is based in Denver, Colorado.
Latest Petrie Partners News
Oct 11, 2023
October 11, 2023 at 09:39 am EDT Share NEW YORK, Oct 11 (Reuters) - Petrie Partners, a boutiqueadvisory firm known to few outside the energy industry, advisedon Pioneer Natural Resources Co's $60 billion sale toExxon Mobil, this year's biggest deal, alongside majorinvestment banks. Goldman Sachs Group and Citigroup Inc, whichtook the lead in advising Pioneer and Exxon, respectively, areexpected to garner the biggest share of the fees from thetransaction. Centerview Partners also advised Exxon, while Morgan Stanleyand Bank of America secured advisory roles with Pioneer. A transaction of this size typically results in tens ofmillions of dollars worth of fees for advisory firms. Forinstance, earlier this year Centerview was paid about $88million in fees for advising Seagen Inc on its $43billion sale to Pfizer Inc, while buyside advisorGuggenheim Securities received roughly $49 million, according todata compiled by LSEG. Megadeals such as the Pioneer transaction have been few andfar between, due to increased regulatory scrutiny, high interestrates and market volatility that have dented the confidence ofmany corporate dealmakers. Mergers and acquisitions have been sluggish this yearglobally. For the first nine months of 2023, M&A volumes stoodat $2.1 trillion, the lowest level for the period in a decade,according to data from Dealogic. Denver-based Petrie, which is focused on advising on M&A inthe shale industry, traces its roots back to Petrie Parkman &Co, an energy-focused boutique bank founded in 1989 that wasacquired by Merrill Lynch in 2006. The firm was carved out fromBank of America in 2011. The chairman of the firm, Tom Petrie, was a co-founder ofPetrie Parkman and served a vice chairman at Bank of Americabefore the current Petrie was created. Tom Petrie has advised onmore than $250 billion of energy-related deals during hiscareer, as well as oil and gas initiatives for Saudi Arabia, thestate of Alaska and the U.S. Department of Energy. Petrie's website lists just eight bankers, split evenlybetween Denver and an office in Houston. Three of those - AndrewRapp and Mike Bock in Denver, as well as Jon Hughes in Houston -have been with the firm since its days as Petrie Parkman. (Reporting by Anirban Sen and David French in New YorkEditing by Nick Zieminski) Share
Petrie Partners Frequently Asked Questions (FAQ)
Where is Petrie Partners's headquarters?
Petrie Partners's headquarters is located at 1144 Fifteenth Street, Denver.
Who are Petrie Partners's competitors?
Competitors of Petrie Partners include Tristone Capital and 4 more.
Compare Petrie Partners to Competitors
Tristone Capital is a Macquarie subsidiary that provides corporate financial advisory and investment banking services to the energy industry. Tristone Capital caters to oil and gas exploration and field services sectors. The firm was founded in 2000 and is based in Calgary, Canada with additional offices in London, United Kingdom; Houston, Texas; Denver, Colorado; and Buenos Aires, Argentina.
FENIX Partners provides corporate finance advisory services in mergers and acquisitions (M&A), strategic alliances, capital structure reorganizations, and independent valuation opinions. It serves the oil and gas, energy, retail, and real estate sectors. It was founded in 2002 and is based in Buenos Aires, Argentina.
Araujo Fontes advise clients on decisions such as mergers and acquisitions, divestments, joint ventures, capital raising processes, corporate and financial restructuring, succession and spin-offs. The company was founded in 1990 and is based in Belo Horizonte, Brazil.
Allen & Overy builds a reputation and helps businesses to grow, innovate and thrive. It offers strategies for banking, finance, capital markets, private equity, and projects. It also provides insight into the latest trends, risks, and developments in business crime and financial services investigation. The primary clients are automotive sectors, banks, consumers, retailers, and many more. The company was 1930 and is based in London, United Kingdom.
Bzplan operates as a venture capital firm. The company supports entrepreneurs and invests in startups. It also facilitates the sale of companies and fundraising. It serves the financial industries. The company was founded in 2002 and is based in Florianopolis, Brazil.
Banco Safra operates as a financial banking institution. It offers leasing, securities underwriting, investments, brokerage, insurance, credit card operations, trade finance, and asset management services. The company was founded in 1955 and is based in Sau Paulo, Brazil.