CEA has significant experience on principal and agent side of transactions.
We are uniquely qualified to target companies and assets for clients.
CEA evaluates and then advises on optimal capital structure.
CEA aims to provide a best valuation for our client, allowing owners to get a cash infusion while retaining control of company operations
CEA professionals have assisted companies in large and small recapitalizations through its vast network of investors and lenders
CEA has the relationships to source new capital to replace any layer of the capital structure:
Working capital revolver
Senior term loan
CEA focuses on getting a company on its feet and navigating the various distressed environments to create opportunity for future growth and value.
Considerations & Continued Support
CEA has many capital raise considerations and offers support throughout the process.
First, considerations include:
Cost of capital
Impact of covenants
From these considerations,
a potential offering becomes a successful offering with:
Value added distribution
A successful offering can include:
Traditional private equity funds
Energy focused hedge funds
Continued support involves:
1. Pre-offering assistance
Conduct organizational meeting and due diligence
Refine investment thesis to achieve best valuation in current market
Prepare marking materials and documentation
Establish investor targets
Gather indications of interest
Assist investors in their due diligence
Negotiate pricing and terms
3. Post-offering support
Maintain dialogue with investors
Follow-on capital considerations
A&D Advisory Services
CEA provides full A&D advisory services to both public and private energy companies. Divestment categories include:
Buy-side advisory services include:
First look at upcoming divestments
Transaction metric analysis
Asset valuation assessments
Off-market acquisition recommendations
Financial advisory services include:
Equity and debt placements for both public and private companies
Recapitalization and debt restructuring
Strategic advice to financial investors and operating entities
Divestment Transaction Services
Corporate Mergers and Acquisitions
CEA professionals have advised public and private companies involved in corporate and asset acquisitions throughout the world, with a primary focus in North America.
With experience in both competitive transaction environments and exclusive negotiations, CEA professionals understand the nuances of each situation and have the ability to maintain the delicate balance of each.
Asset Acquisitions and Divestitures
CEA offers traditional sell-side services, including negotiated sales and sealed big offerings.
CEA sells operated properties, non-operated working interest, and overrides.
CEA accepts buy-side assignments with select clients that may provide financing opportunities.
Week 0 - Divestment Strategy and Engagement
Week 1 - Data Collection and Marketing Preparation
Data room assembly
Pitch book / Information memorandum
Weeks 2-8 - Asset Marketing Process
A&D database - email; direct mail; direct calling efforts
Process Confidentiality Agreements and manage online data room
Facilitate meetings / teleconferences between our client and interested parties
Weeks 9-12 - Negotiation and Closing
Negotiated Sale or Sealed Bid
Asset Marketing Options
Asset marketing strategy depends on the strategic goal of the client.
Price is generally key driver, however seller will weigh surety of closing against price
Negotiated versus competitive sale
Immediacy of sale (i.e. fire sale versus controlled process)
Cash is king
Marketing options include
Publicly announced engagements
Email and/or direct mail announcement to broad buyer market
Data room - controlled access for active divestments
Personal email or call to targeted buyers
Data rooms - controlled access for active divestments