Trilantic Capital Partners and Riverstone Holdings have invested in Trail Ridge Energy Partners II. Financial terms weren’t announced. Trail Ridge is a newly-formed oil and gas exploration and production company focused primarily in the Permian Basin in West Texas. Stifel Nicolaus advised Trail Ridge in regards to financing.
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 not disclosed.
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.
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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 www.riverstonellc.com.