BDT Capital Invests in Tudor Pickering Holt & Co.

BDT Capital Partners and former Murphy Oil Chief Claiborne Deming have invested $110 million in Houston-based energy investment and merchant banking firm Tudor, Pickering, Holt & Co. The investment consists of the purchase of debentures, a portion of which is convertible into a minority equity stake, the Houston-based company said in a written release. The company will use the infusion to help fuel growth.

Tudor, Pickering, Holt & Co. (TPH) announced today that BDT Capital Partners and former Murphy Oil CEO Claiborne Deming have invested an aggregate $110 million in the Houston-based energy investment and merchant banking firm through the purchase of debentures, a portion of which is convertible into a minority equity stake.
“The experience and quality of our partners in this transaction are as important as the capital they provide,” said TPH CEO Robert B. Tudor. “BDT Capital Partners, led by Byron Trott, specializes in advising and investing in closely held companies and has a world-class network of family business investors. Byron and his team know our business and will help us grow in new sectors and geographies,” said Tudor.
Tudor cited Deming, immediate past chairman of the National Petroleum Council, as “one of the most respected professionals in the energy industry who will contribute as a TPH board member in many different areas.” Deming also serves as an advisor to TPH’s private equity and asset management businesses.

Tudor said the transaction will help fund the firm’s growth, including expansion into related sectors of the energy complex. “For instance, we recently hired an investment banking team to cover the Power and Utilities space, and will continue to increase our footprint to other complementary sectors and geographies.”
Tudor said, “The funding also will help strengthen our presence in the energy capital markets arena, support continued expansion of our recently established broker-dealer in the United Kingdom, and accelerate growth of our asset management business.”
“Tudor, Pickering, Holt & Co. has industry-leading insight and perspective into the energy space, with superior research capabilities, a strong team and value-added advisory and investment expertise,” said Trott, Managing Partner and Chief Investment Officer for BDT Capital Partners. “We’ve known and respected Bobby Tudor and his team for a long time, and we look forward to partnering with them as they grow their business.”
BDT Capital Partners provides family-controlled and entrepreneurially led companies with long-term capital, solutions-based advice and access to an extensive network of world-class family businesses. Based in Chicago, BDT Capital Partners is an employee-owned private partnership that combines a $2 billion investment fund and co-investment capital with advisory services to address the unique strategic and financing needs of closely held private and public companies.

Tudor, Pickering, Holt & Co., LLC, is an integrated energy investment and merchant bank, providing advice and services to institutional and corporate clients. Headquartered in Houston with offices in New York, Denver and an affiliate in London, the firm has 120 employees.
Tudor, Pickering, Holt & Co. Securities, Inc. is a registered broker-dealer and Tudor, Pickering, Holt & Co. International, LLP, is authorized and regulated by the Financial Services Authority and is a separate but affiliated entity of Tudor, Pickering, Holt & Co. Securities, Inc. The firm’s asset management divisions are TPH Partners (private equity) and TPH Asset Management.