Acting for EQV Ventures Acquisition Corp. on US$660m business combination

Our Cayman Islands Corporate team was pleased to advise EQV Ventures Acquisition Corp., a special purpose acquisition company ("EQV") listed on the New York Stock Exchange, on its definitive agreement for a business combination with Presidio Investment Holdings, LLC ("Presidio"). The proposed business combination will result in Presidio becoming a publicly listed company with an expected listing on the New York Stock Exchange. 
 
EQV closed its $350m IPO in August 2024 and is sponsored by EQV Group, an experience acquirer and producer of oil and gas. Presidio is a differentiated oil and gas operator focused on the optimization of mature, producing oil and natural gas assets in the United States. 
 
As part of the business combination, Presidio will also acquire a complementary Texas Panhandle asset from EQV Resources LLC, an affiliate of EQV. The combined company is expected to have an estimated post-transaction enterprise value of approximately $660m. 

Our team was led by corporate partners Andrew Barker and James Murrie, supported by senior counsel Michael Beck and associate Miriam El Ofir.