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Revolution completes $201.5M acquisition of Jones Energy

Revolution II WI Holding Co. LLC completed the previously announced acquisition of independent oil and natural gas company Jones Energy II Inc. in an all-cash transaction valued at $201.5 million.

Under the merger agreement, Jones Energy stockholders will receive $14.0624 in cash for each share of Jones Energy Class A common stock, each unit of Jones Energy Holdings II LLC or each Jones Energy restricted stock unit they own, according to a Jan. 7 news release from Jones Energy. The company previously estimated that stockholders would get about $14.11 for each Jones Energy Class A common share or each Jones Energy Holdings II LLC unit.

Evercore Group LLC and TD Securities served as financial advisers to Jones Energy, while Baker Botts LLP served as its legal counsel. Kirkland & Ellis LLP served as Revolution's legal counsel.

Revolution II WI Holding Co. LLC is an affiliate of energy-focused private equity fund Mountain Capital Management LLC.