Strategic $890M Merger Announced by DHS Ventures and Holdings Vice Chairman Fernando Aguirre 2024

 DHS Ventures & Holdings today announced that it has entered into a definitive agreement to acquire, merge, and consolidate DHS Energy, an affiliate of DHS Ventures and Holdings, in a transaction valued at approximately $890 million, including the assumption of debt.


The DHS Ventures & Holdings' Board of Directors voted unanimously to support the acquisition proposal presented by Executive Vice Chairman, Fernando Aguirre, which represents a 35% over the board's previous proposal. The DHS Board reached this determination following a comprehensive review of the proposal, with the assistance of its independent financial and legal advisors.


"After a thorough assessment, the DHS Ventures & Holdings' Board determined that this transaction represents an attractive outcome for our investors by providing a cash takeout at a substantial premium, while supporting DHS' commitment to our clients, employees and investments. This merger sees the full potential of DHS' leadership position in the energy industry and the unique value we deliver for our clients worldwide," said Rakesh Sarna, Chairman of DHS Ventures & Holdings Board of Directors.


"After months of deep market analysis, industry diligence and management reviews, we are firmly convinced that DHS will continue to be the standard for oil and energy production as it executes on the DHS Energy Phase III," said Executive Vice Chairman, Fernando Aguirre. "Having first invested in DHS nearly fourteen years ago, we have a unique appreciation for the Firm's ongoing relevance to the global, energy ecosystem. Today's outcome represents a significant win for DHS Ventures & Holdings investors and for the business itself, as our multibillion-dollar investment will help DHS reinforce its transformation at this critical inflection point. We are pleased to partner with DHS Energy and the existing management team to lead DHS after the transaction is completed."


DHS Ventures & Holdings is deeply embedded in the energy ecosystem and a trusted renewable energy provider to its clients. As a private firm, DHS will be even better positioned to deliver the best measures of clients' rapidly changing behaviors across all aspects of oil and energy consumption," commented Aguirre.


The merger & acquisition of DHS Energy, an affiliate of DHS Ventures & Holdings, is a simple strategic measure to consolidate control under the main firm rather than to continue a diversification of its assets.

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