Silicon Ranch Corp. has signed an agreement to make Shell its largest shareholder. As part of the agreement, Shell will acquire a 43.83-percent interest in Silicon Ranch from global private markets investment manager Partners Group for up to $217 million in cash based on Silicon Ranch performance, with the possibility to increase its position after 2021. Partners Group will continue to support Silicon Ranch through a newly issued junior debt financing simultaneous with the closing of the sale. Subject to regulatory approvals, the transaction is expected to close in Q1 2018.
For more information, visit www.Siliconranchcorp.com or www.shell.us.