Willkie represented Riverstone Holdings, one of the major investors in Vantage Energy, in the approximately $2.7 billion transaction.
On September 26, it was announced that Rice Energy Inc. has agreed to acquire 100% of the equity interests of Vantage Energy, LLC (“Vantage I”) and Vantage Energy II, LLC (“Vantage II”) for approximately $2.7 billion. Affiliates of Willkie client Riverstone Holdings LLC are among the major investors selling their ownership interests in Vantage I and Vantage II. The deal closed on October 19.
Riverstone is an energy- and power-focused private investment firm with $32 billion of capital raised to date. Riverstone conducts buyout and growth capital investments in the exploration & production, midstream, oilfield services, power and renewable sectors of the global energy industry.
Vantage Energy is a growth-oriented, independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties in the United States, with a focus on the Appalachian basin.
The Willkie deal team was led by partners Bruce Herzog and Robert Stebbins and included partners Henry Cohn and Hillel Jacobson; and associate Hugh McLaughlin.