© 2015 The Texas Lawbook.
By Natalie Posgate
(April 28) – Houston-based Indigo Minerals said Thursday that it completed an equity capital raise worth $375 million that came from a group of new investors and existing investors that have backed Indigo since its 2006 inception.
Trilantic Capital Management invested $300 million. The Martin Companies, Yorktown Partners and Ridgemont Equity partners invested the remaining $75 million.
A group of Kirkland & Ellis lawyers led by Houston corporate partners Andy Calder, John Pitts, David Castro and Anthony Speier represented Indigo. They received assistance from partners Will Bos and Andy Veit and associates Cy Jones, David Thompson, Adam Prestidge, Leslie Vaughn, Chris Heasley and Ryan Martin. Lawyers from Kirkland’s San Francisco and Chicago offices were also involved.
Trilantic turned to Houston corporate partner Michael Dillard of Latham & Watkins to lead its end of the deal. Dillard received assistance from Houston partner Thom Brandt and associates David Stott, Emily Korinek and Lance Hancock.
Yorktown hired a team of Dallas Thompson & Knight lawyers led by Ann Marie Cowdrey of Thompson & Knight to handle part of the transaction. Cowdrey received assistance from partners Jason Loden and Todd Keater and associate Emily Semands. Of counsel John Rain and partner Kurt Summers advised Indigo in certain amendments to Indigo’s existing financing agreements necessary to facilitate the transaction.
Indigo also announced that it acquired certain producing properties and undeveloped acreage in the core of the Cotton Valley and Haynesville plays from an undisclosed private exploration and development company.
Ridgemont was advised by Atlanta law firm Troutman Sanders, and in-house counsel advised the Martin Companies.
Jeffries served as Indigo’s financial advisor in the transactions.
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