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Nielsen says yes to Elliott, Brookfield consortium; Adam Waterous outlines oil investment strategy

Good morning, Hubsters. MK Flynn here on the Wire.

Media measurement mega deal: After weeks of talks and a rejected bid, Nielsen has agreed to sell itself to a group of private equity firms led by Elliott Management’s Evergreen Coast Capital and Brookfield in a deal that values the media measurement company at $16 billion including debt. The new deal price represents a roughly 60 percent premium to Nielsen’s share price before The Wall Street Journal reported a deal was in the works earlier in March.

Energy series. I’m pleased to announce that PE Hub has launched a new series of articles exploring private equity investments in energy. Obey Martin Manayiti, who joined the Hub earlier this month as a reporter, is talking with PE pros investing in the sector.

Obey spoke with Adam Waterous, the founder and CEO of Waterous Energy Fund about the Calgary, Canada-based firm’s strategy and about how the impact of the Russian invasion of Ukraine on the energy sector.

Check out Obey’s article to learn more.

Coming up later this week, Obey will talk with Ben Dell, founder of Kimmeridge, an energy private equity firm focused on investing in low-cost oil and gas assets in the US.

Climate-friendly deals. As Kirk writes, TPG is ramping up dealmaking activities in impact investing through its new TPG Rise Climate Fund, with a final close expected in the second quarter at$7.2 billion hard-cap, and its Rise Fund III, targeted to bring in $3 billion. CFO Jack Weingart discussed the strategy in the firm’s fourth-quarter 2021 earnings call yesterday.

For more, read the full story by Kirk.

That’s it for now. Chris writes the Wire on Wednesdays, and I’ll be back on Thursday.

Cheers,

MK

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