Porter Hedges represents a broad spectrum of private equity funds, mezzanine investment funds, and other investment vehicles on matters such as acquisitions, financings, exit transactions, and many others. We represent private equity firms and their respective portfolio companies from their initial portfolio investment, through the tuck-in investments, divestments and recapitalizations, to the portfolio companies’ ultimate exit transaction, whether by disposition or public offering. 

We advise and represent clients on investment transactions and exit strategies of all kinds, including:

  • Traditional LBOs
  • MBO
  • Recapitalizations
  • Minority investments
  • PIPE transactions
  • IPOs
  • Acquisitions and dispositions

We also work with management teams and portfolio companies seeking private equity funding for their businesses. And while we focus on M&A activities, we also advise private equity clients on legal and regulatory matters, such as securities regulations, tax, and employee benefit plan regulations, and more.

Energy Industry Leadership

Our energy private equity attorneys advise majors, independents, and a range of companies across the upstream, midstream, and downstream sectors throughout the lifecycle of a fund. Transactions have included fund formation for acquiring, operating, and developing conventional natural gas reserves in North America, sale of upstream and midstream oil and gas assets in shale plays, and mezzanine project debt and project equity investments in exploration and production and midstream projects. Our attorneys also have extensive experience with emerging and unconventional energy resources and understand the opportunities and challenges that companies face in this arena.

Experience

  • Representation of Elevate Midstream Partners, LLC in an equity commitment of $100 million from Tailwater Capital LLC.
  • Representation of the management team in the launch of Laser Midstream Energy, a Energy Spectrum Capital-backed company seeking to acquire, build, and expand natural gas, oil, and water transportation and processing assets.
  • Representation of Clear Creek Midstream, LLC, a midstream company focused on the development of midstream infrastructure in an initial venture capital commitment of $300 million from EnCap Flatrock Midstream.
  • Representation of the management team of Canyon Midstream Partners in connection with the formation and initial capitalization of $300 million from Kayne Anderson Capital.
  • Representation of Parallel Resource Partners in private equity investments in the upstream oil and gas industry.
  • Representation of Sage Road Capital in private equity investments in the upstream oil and gas industry.
  • Representation of management team in the $1.8 billion TPG Capital-backed formation of Jonah Energy, LLC.
  • Representation of management group and minority investors in the $1 billion TPG Capital-backed formation of Maverick American Natural Gas.
  • Representation of the management team of Pintail Oil & Gas in connection with the formation and initial capitalization of $50 million of capital from Ridgemont Equity Partners, a Charlotte-based private equity firm focused on investments of $25 million to $75 million.
  • Representation of portfolio companies of New York-based Coral Reef Capital in add-on acquisitions in the oil and gas industry.
  • Representation of management group in the formation of RPM Energy Management, a partnership with KKR which evaluates, acquires and manages non-operated working interest in North American resource plays.
  • Representation of senior management in the formation and capitalization of Sequitur Energy Resources. Sequitur was backed by ACON Investments LLC and The Pritzker Organization, LLC.
  • Representation of Main Street Capital Corporation in mezzanine lending and private equity investments, including management buyouts, recapitalizations, growth financings, refinancings and acquisitions of companies that operate in diverse industry sectors.

Professionals