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  "documentTitle": "Tudor, Pickering, Holt & Co | Investment Banking Pitch Book | 75 slides",
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  "authorName": "Tudor, Pickering, Holt & Co",
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  "notes": "Includes summary statistics (median/mean) for C-Corp, Affiliate, and 3rd Party buyers, plus a specific row for the Antero Midstream transaction.",
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      "text": "Note: Considers transactions where target is an MLP. (1) Based on Wall Street research. (2) Non-adjusted transaction TEV values affiliated and non-affiliated units at offer price. (3) Adjusted transaction TEV value affiliated units at market price and non-affiliated units at offer price. (4) Illustrative transaction value for PF AMGP at Transaction includes conversion of Series B units, AM existing debt, and the purchase of AM units outstanding. Excludes transaction fees.",
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      "text": "Source: Company filings, press releases, presentations and FactSet for pricing data. Represents precedent MLP transactions by affiliated and third party MLPs, Public GPs and C-Corps since 2011.",
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      "text": "Precedents | MLP Transactions Analysis",
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