Trilantic and Riverstone Announce New Upstream Oil & Gas Investment
NEW YORK, April 23, 2013
NEW YORK, April 23, 2013 /PRNewswire/ --Trilantic Capital Partners
("Trilantic") and Riverstone Holdings ("Riverstone") today announced an
investment in Trail Ridge Energy Partners II ("Trail Ridge" or the "Company"),
a newly-formed oil and gas exploration and production company focused
primarily in the Permian Basin in West Texas. Trail Ridge will be led by CEO
Ron D. Wade, a petroleum engineer and experienced oil & gas entrepreneur with
a track record of shareholder value creation. Ron has assembled a management
team of highly experienced and skilled energy professionals to help the
Company pursue its growth strategy. Financial terms of the transaction were
Commenting on the announcement, Ron Wade said, "On behalf of the team at Trail
Ridge, we are delighted to be partnering with Trilantic and Riverstone, two
leading investors in the energy sector. I look forward to working together
closely to execute on our shared vision for the Company and grow Trail Ridge
into a leading player in the Permian."
On behalf of the investors, Chris Manning, a Partner of Trilantic, added, "We
are very excited to partner with Ron, the highly talented management team, and
Riverstone to realize the growth potential in Trail Ridge and the exceptional
opportunities in the Permian basin."
Stifel Nicolaus acted as exclusive financial advisor to Trail Ridge with
respect to this financing.
About Trilantic Capital Partners
Trilantic Capital Partners is a private equity firm focused on control and
significant minority investments in North America and Europe with primary
investment focus in the consumer, energy, financial and business services
sectors. Trilantic currently manages four institutional private equity funds
with aggregate capital commitments of $5.3 billion.
The firm and its principals have committed approximately $1.5 billion of
equity capital across the energy and natural resources sector, with
investments in oil and gas exploration and production, midstream, oilfield
services, coal mining and mining equipment, and energy merchants, among
others. Trilantic and its principals have managed significant investments in
leading companies including Antero Resources, Enduring Resources, Pacific
Energy Partners, Peabody Energy, TLP Energy, and Velvet Energy, among others.
For more information, visit www.trilanticpartners.com.
Riverstone is an energy and power-focused private equity firm founded in 2000
with approximately $23 billion of equity capital raised across seven
investment funds, including the world's largest renewable energy fund.
Riverstone conducts buyout and growth capital investments in the midstream,
exploration & production, oilfield services, power and renewable sectors of
the energy industry. With offices in New York, London and Houston, the firm
has committed approximately $21.7 billion to 98 investments in North America,
Latin America, Europe and Asia. For more information, visit
SOURCE Trilantic Capital Partners
Contact: Trilantic Capital Partners, Amanda Oey, Tel: 212.279.3115 ext 275,
Email: firstname.lastname@example.org; or Caroline Harris, Prosek Partners, Tel: 212.279.3115
ext 222, Email: email@example.com
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