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Trott’s BDT Invests in Bobby Tudor’s Energy-Investment Firm

Byron Trott’s BDT Capital Partners LLC agreed to help provide $110 million to a Texas energy investment firm run by Bobby Tudor, a former colleague at Goldman Sachs Group Inc.

BDT, founded by Trott in 2009 and based in Chicago, teamed with former Murphy Oil Corp. Chief Executive Officer Claiborne Deming to buy debentures in Tudor, Pickering, Holt & Co., TPH said today in a statement. Some of the debt is convertible into a minority equity stake, the firm said.

Tudor is chairman and CEO of Houston-based TPH, a broker-dealer and investment bank he formed in 2007 that provides advisory and underwriting services in the energy industry. Tudor had been a partner at New York-based Goldman Sachs, where Trott, a vice chairman, arranged some of the biggest purchases by Berkshire Hathaway Inc. Chairman Warren Buffett, including the $4.5 billion acquisition of Marmon Holdings Inc. in 2008.

“The experience and quality of our partners in this transaction are as important as the capital they provide,” Tudor said in the statement. Deming is an immediate past chairman of the National Petroleum Council who will serve on TPH’s board, according to the statement.

BDT oversees $2 billion and specializes in closely held companies, acquiring a majority stake in grill-maker Weber-Stephen Products Co. in December. Terms weren’t disclosed.

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