November 11, 2013
Firm advises energy private equity firm Riverstone Holdings LLC and Liberty Resources II LLC, a newly-formed Denver-based oil and gas company, in the deal.
On November 7, Liberty Resources II LLC, a newly-formed Denver-based oil and gas company announced a $350 million commitment, including $300 million from funds managed by energy private equity firm Riverstone Holdings LLC, $50 million from Oakmont Corporation and additional amounts from the company's management team. Willkie represented both Riverstone and Liberty Resources II in the transaction.
Riverstone, with approximately $27 billion of equity capital raised, is an energy and power-focused private investment firm. Riverstone conducts buyout and growth capital investments in the exploration & production, midstream, oilfield services, power and renewable sectors of the energy industry. Willkie recently represented Riverstone-backed Liberty Resources in its $660 million asset sale to Kodiak Oil & Gas Corp., and in 2012 represented Riverstone in the consortium $7.15 billion LBO of El Paso Corp’s exploration and production units.
The current deal was handled by partners Bruce Herzog, Adam Turteltaub and Hillel Jacobson and associate Veronica Ng.
