Capital Markets | Private Equity Activity
Riverstone, Trilantic-backed Trail Ridge Energy Exits Midland Basin
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Trail Ridge Energy Partners II LLC and other private sellers ("Trail Ridge and the Other Sellers") closed on the sale of their interests in certain oil and gas leasehold and producing wells in the core of the Midland Basin. The assets were acquired by Lario Oil & Gas.
Upon completion of the transaction, Glenn Jacobson, a Partner of Trilantic North America, one of Trail Ridge's equity providers, said, "Thanks to the Simmons & Company team for their exceptional advice on our recent Trail Ridge divestiture. Simmons immersed themselves in every facet of the deal and became an extension of the Trail Ridge team.
Their understanding and command of our business and leasehold position enabled them to help us find ways to enhance the value of the position in numerous ways, including by working with…
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