“Kirkland & Ellis Leads Mineral Co. In $375M Equity Raise”
Indigo Minerals LLC — which aggregates mineral interests, and also buys and develops working interests in oil and gas — raised the funds from four private equity firms and also completed its purchase of producing properties and undeveloped land, making it the 10th largest private provider of natural gas in the U.S., according to a statement on Thursday.
Private equity firm Trilantic Capital Partners LP was the largest contributor, putting up $300 million, and Martin Cos. LLC, Yorktown Partners LLC and Ridgemont Equity Partners were responsible for the remaining $75 million investment, the statement said.
Yorktown was advised by Thompson & Knight LLP.