Perella Weinberg Partners, the investment bank founded by veteran dealmakers Joe Perella and Peter Weinberg, is considering a tie-up with Tudor Pickering in a push into the energy sector, according to people familiar with the discussions.
Bloomberg News reports that Perella Weinberg held talks with Tudor Pickering, and the two could also consider a joint venture, said the people, asking not to be identified because the discussions are private. No decision has been made and the firms may opt against a deal, the people said.
Tudor Pickering focuses on an energy sector that’s been rattled by low fuel prices, prompting companies increasingly to seek debt and restructuring advice. Firms including Lazard have added staff to help clients manage the rout, which may help takeover advisers offset a dimmer outlook for large-scale mergers and acquisitions amid volatile global markets.
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