EQV Ventures Acquisition Corp. Files Registration Statement for Business Combination with PIH.

EQV Ventures Acquisition Corp. (NYSE: EQV) has announced the filing of a registration statement on Form S-4 with the SEC. The statement includes a preliminary proxy statement/prospectus in connection with the proposed business combination between Prometheus Pubco Inc. and PIH to form Presidio Production Company. The deal aims to optimize mature oil and natural gas assets in the US.

EQV Ventures Acquisition Corp. (NYSE: EQV) has filed a registration statement on Form S-4 with the U.S. Securities and Exchange Commission (SEC) for its proposed business combination with Presidio Investment Holdings (PIH). The merger will create Presidio Production Company, which will be listed on the New York Stock Exchange under the ticker symbol "FTW". The transaction is expected to close in the fourth quarter of 2025 and values Presidio Production at a pro forma enterprise value of $660 million [1].

The combined entity, Presidio Production Company, will focus on optimizing mature oil and natural gas assets in the United States. Notably, the company's business model features zero reliance on future drilling and minimal capital investment, positioning it for substantial free cash flow generation. This approach stands out in the energy sector, which is shifting towards a more disciplined focus on returns as the capital-intensive shale era gives way to a more cautious approach [1].

The proposed business combination will see EQV Ventures Acquisition Corp. merge with PIH to form Presidio Production Company. PIH, a leading operator of mature oil and gas wells across the Mid-Continent, is focused exclusively on optimizing existing production and generating sustainable cash flow from low-decline, producing assets. EQV Ventures Acquisition Corp. is a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger or similar business combination with one or more businesses or entities [1].

Completion of the transaction is subject to approval by EQV’s stockholders, the SEC declaring the registration statement effective, and other customary closing conditions. The transaction values Presidio Production at a pro forma enterprise value of approximately $660 million, representing a discount to combined proved developed PV-10 value, including the subsequent acquisition by Presidio Production of complementary Texas Panhandle assets from EQV Resources LLC following the closing of the proposed business combination, which is not reflected in the pro forma financial statements included in the Registration Statement, and assuming no redemptions and after transaction expenses [1].

About EQV Ventures Acquisition Corp. EQV Ventures Acquisition Corp. is a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities. EQV’s sponsor is an affiliate of EQV Group, which was formed in 2022 and is an active acquirer of producing reserves, completing 14 acquisitions and currently managing and operating more than 1,800 wells across 10 states [1].

This press release includes forward-looking statements, which are subject to risks and uncertainties. These statements include EQV’s, Presidio Production’s or PIH’s expectations with respect to future performance, the capitalization of EQV or Presidio Production after giving effect to the proposed business combination, and expectations with respect to the future performance and the success of Presidio Production following the consummation of the proposed business combination [1].

The registration statement provides important information about EQV, Presidio Production, and PIH, and the proposed business combination. It is available for review by the public and will be subject to change until the SEC declares it effective. The transaction is expected to occur in the fourth quarter of 2025 [1].

References:
[1] https://www.stocktitan.net/news/EQVU/eqv-ventures-acquisition-corp-and-presidio-petroleum-llc-announce-hagm94idkiho.html