Private equity firms Trilantic Capital Partners and Riverstone Holdings have invested in Trail Ridge Energy Partners II, 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 and gas entrepreneur. Financial terms of the transaction were not disclosed.
Stifel Nicolaus acted as exclusive financial advisor to Trail Ridge with respect to the financing. Latham & Watkins LLP advised Trilantic in the investment.
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.
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. Riverstone conducts buyout and growth capital investments in the midstream, exploration and 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.