Latest news with #PerellaWeinbergPartners
Yahoo
2 days ago
- Business
- Yahoo
Raisa Energy to reportedly sell US oil and gas assets for $1.5bn
Raisa Energy is considering selling a portfolio of oil and gas wells in several US shale basins, with the potential to attract around $1.5bn, reported Reuters, citing sources familiar with the matter. The sale is currently in the preliminary stages. The deal is not yet certain and the final price may vary based on market dynamics, according to sources who requested anonymity due to the confidentiality of the process. Raisa Energy is a private investment firm established in 2014. The company, which has its key technology hub in Cairo, Egypt, has developed a distinct investment platform for the energy sector, currently overseeing more than $2bn in investments. The investment banking division of Perella Weinberg Partners, TPH, which is focused on the energy sector, is providing advisory services for the sale. Assets on offer are categorised within the industry as non-operating interests. Owners of such assets contribute to drilling costs and additional expenses, receiving a share of the revenue from hydrocarbon sales, while another operator manages the day-to-day activities. This type of investment is particularly appealing to energy producers and financial investors looking for consistent returns without the requirement for operational expertise. Sources indicate that nearly half of the output from Raisa's assets is natural gas, with the total net production estimated at around 63,000 barrels of oil equivalent per day (boepd). Raisa is also enhancing its technology platform, incorporating automation, AI and big data to support its energy experts in decision-making processes. "Raisa Energy to reportedly sell US oil and gas assets for $1.5bn" was originally created and published by Offshore Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Sky News
01-08-2025
- Business
- Sky News
Fast-growing motor insurer Cuvva enlists bankers to explore sale
Why you can trust Sky News Cuvva, a fast-growing provider of short-term motor insurance, has drafted in advisers to explore a sale a decade after it was founded. Sky News has learnt that Cuvva has hired Perella Weinberg Partners to field interest from potential buyers following a series of unsolicited approaches. Sources said a sale process was expected to kick off in the coming months. Cuvva has sold more than 13m policies since launching in 2015, and has signed up in the region of 1.4m customers. The company is chaired by the City grandee Bruce Carnegie-Brown, who recently stepped down as chairman of Lloyd's of London. Roughly 7% of total UK monthly motor policies are now sold through the Cuvva app, according to the company. Based in London, it employs about 100 people. Responding to an enquiry from Sky News, Cuvva said: "Following Cuvva's recently published 2024 financial results - highlighting a record year of growth and tripling profit - we have since received a significant amount of inbound interest. "As such, in the best interests of our business and shareholders, we will be exploring these to see if we can find the right fit for our future ambitions and next stage of growth as Cuvva matures. "As a high-growth business that continues to experience tremendous success and profitability. "We will always consider all our options from interested parties - the priority is to ensure we deliver the best value for our shareholders and Cuvva." The company has raised more than £20m from investors including LocalGlobe, the prominent backer of early-stage companies. Last year, it tripled adjusted profit to £12.8m on turnover of £27.4m, driven by customer retention and high demand for short-term car insurance. Cuvva claims that roughly one in three 21-29 year old drivers in Britain have downloaded its app.
Yahoo
22-07-2025
- Business
- Yahoo
Challenger bank Cynergy seeks £1bn valuation in minority sale
A challenger bank previously owned by Cyprus's biggest lender is in talks to sell a minority stake at a valuation of up to £1bn. Sky News has learnt that Cynergy Bank, which specialises in lending to SMEs, has appointed Perella Weinberg Partners, the investment bank, to identify prospective new investors. Money latest: 'Sin taxes', pensions raid and 'stealth' income tax rise on way, say top economists Spun out of Bank of Cyprus, Cynergy Bank has been trading under its current name since 2019. It has been growing rapidly amid a slew of disrupters to enter the small business banking space since the last financial crisis. Among Cynergy Bank's peers are Allica Bank, Oaknorth and Starling Bank. To date, it has lent more than £4bn to business customers. One source close to the minority sale process said the proceeds would be used in part to provide growth capital to the company, with existing shareholders also expected to take some money off the table. Cynergy Capital, which bought the business from Bank of Cyprus for just over £100m, is backed by investors including Pradip Dhamecha (OBE), Balbinder Sohal, John Coulter and Ann Jones. Read more from Sky News: The bank is now likely to be valued at between £750m and £1bn in any new transaction, although insiders cautioned on Tuesday that a deal was not certain to be struck. A formal investment process will get under way in September. A spokesman for Cynergy Bank, which is the official banking partner of Premier League side Brentford, declined to comment.
Sky News
22-07-2025
- Business
- Sky News
Challenger bank Cynergy seeks £1bn valuation in minority sale
A challenger bank previously owned by Cyprus's biggest lender is in talks to sell a minority stake at a valuation of up to £1bn. Sky News has learnt that Cynergy Bank, which specialises in lending to SMEs, has appointed Perella Weinberg Partners, the investment bank, to identify prospective new investors. Spun out of Bank of Cyprus, Cynergy Bank has been trading under its current name since 2019. It has been growing rapidly amid a slew of disrupters to enter the small business banking space since the last financial crisis. Among Cynergy Bank's peers are Allica Bank, Oaknorth and Starling Bank. One source close to the minority sale process said the proceeds would be used in part to provide growth capital to the company, with existing shareholders also expected to take some money off the table. Cynergy Capital, which bought the business from Bank of Cyprus for just over £100m, is backed by investors including Pradip Dhamecha (OBE), Balbinder Sohal, John Coulter and Ann Jones. The bank is now likely to be valued at between £750m and £1bn in any new transaction, although insiders cautioned on Tuesday that a deal was not certain to be struck. A formal investment process will get under way in September. A spokesman for Cynergy Bank, which is the official banking partner of Premier League side Brentford, declined to comment.
Business Insider
14-07-2025
- Business
- Business Insider
Perella Weinberg downgraded to Market Perform from Outperform at Keefe Bruyette
Keefe Bruyette downgraded Perella Weinberg Partners (PWP) to Market Perform from Outperform with a price target of $23, up from $22, following a transfer of coverage. The firm believes the merger and acquisition environment should continue to improve gradually throughout the second half of the year. While policy and geopolitical uncertainty remain a risk, deal pipelines are still near all-time highs, the analyst tells investors in a research note. Keefe upgraded Houlihan Lokey and downgraded Perella Weinberg with the analyst change. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
