Porter Hedges represented a management and investor group in the formation of Maverick American Natural Gas (Maverick). Maverick is a new $1 billion private equity backed acquisition fund formed for the purpose of acquiring, operating, and developing conventional natural gas reserves in North America. The management and investment group was led by oil exploration and production entrepreneur Dan A. Hughes, Jr. who partnered with energy acquisition and development executive Thomas M. Hart and global private equity firm TPG Capital. Mr. Hughes will serve as Maverick’s Chairman and Mr. Hart will serve as its President.
This transaction is the latest in a string of transactions in which Porter Hedges has assisted Dan A. Hughes Co. and its affiliated companies in acquisition and divestiture transactions. Prior transactions have included more than $1 Billion of divestitures in Colombia for Hupecol to international buyers CEPSA (Spain) and Sinopec (China) and a $578M sale of Eagle Ford Shale assets to Plains Exploration & Production Company.
The Porter Hedges team was led by Energy partner Robert Thomas and Corporate partner Corey Brown with assistance from Tax partner Geoff Shultz.
Related Posts:
- None Found
