David Thompson

Blackstone on the $1.9 billion all-stock merger of Desert Peak Minerals and Falcon Minerals Corporation 

Ontario Teachers’ Pension Plan:

• in its $849 million acquisition of a 50% stake from NextEra Energy, Inc. (NYSE: NEE) in a portfolio of 13 utility scale wind and solar projects across the U.S.
• In a $824 million convertible equity portfolio financing (together with Apollo-managed funds) of a large portfolio of renewables assets owned by NextEra Energy Partners, LP (NYSE: NEP)

Quantum Energy Partners in its partnership with Houston Energy to form HEQ Deepwater with more than $400 million of equity capital commitments and HEQ’s first major acquisition of oil and gas assets in the Gulf of Mexico 

Primexx Energy Partners on the $788 million acquisition of its leasehold interests and related oil, gas and infrastructure assets by Callon Petroleum Company 

Alamo Frac Holdings and Alamo Pressure Pumping on the carveout sale of their pressure pumping business to NexTier Oilfield Solutions, Inc. (NYSE: NEX) for $268 million in cash and newly issues shares of NexTier stock, plus earn-out 

Blackstone Credit in Altus Power, Inc.’s $1.58 billion combination with CBRE Acquisition Holdings, Inc. (NYSE: CBAH)

Star Peak Corp II (NYSE: STPC), a special purpose acquisition company, on its $1.35 billion business combination with Benson Hill, Inc., a sustainable food technology company

Private equity fund in its $210 million minority investment into a software company

Ingersoll Rand Inc. (NYSE: IR), a global provider of mission-critical flow creation and industrial solutions, on the sale of a majority interest in its High Pressure Solutions Segment to American Industrial Partners, an operationally oriented private equity firm

Magnetar Capital in the $402 million initial public offering of Star Peak Corp II (NYSE: STPC), a blank check company sponsored by affiliates of Magnetar and Triangle Peak Partners

Oaktree Capital Management L.P. on its $100 million preferred equity investment in BKV Corporation, following BKV’s acquisition of Devon Energy Corporation‘s assets in the Barnett Shale 

Star Peak Energy Transition Corp. (NYSE: STPK), a special purpose acquisition company, on its $1.35 billion business combination with Stem, Inc., a global leader in clean energy storage systems 

KKR on its definitive agreements with NextEra Energy Resources (NYSE: NEE) and NextEra Energy Partners, LP (NYSE: NEP) to acquire a large portfolio of renewables assets

Magnetar Capital in its launch of Star Peak Energy Transition Corp. (NYSE: STPK), a $350 million blank check company sponsored by affiliates of Magnetar and Triangle Peak Partners

National Fuel Gas Company and affiliates Seneca Resources Company, LLC, NFG Midstream Covington, LLC and National Fuel Gas Midstream Company, LLC in the approximately $500 million (after closing adjustments) acquisition of upstream and midstream assets located in Pennsylvania from SWEPI LP, a subsidiary of Royal Dutch Shell plc

Affiliates of Magnetar Capital and GSO Capital Partners as lead investors in the simplification merger of EQM Midstream Partners, LP (NYSE: EQM) and Equitrans Midstream Corporation (NYSE: ETRN) and the associated redemption and rollover into preferred equity at ETRN of $1.2 billion of the investors’ Series A Convertible Preferred Units of EQM

GSO Capital Partners LP, an affiliate of Blackstone, in its preferred and common equity investment in Altus Power America, Inc., a solar generation company, as part of an $850 million recapitalization of Altus

EIG Global Energy Partners in its $750 million acquisition of equity interests in South Texas Midstream, LLC, a newly-formed joint venture with NextEra Energy Partners, LP

Represented the private equity sponsors and Sable Permian Resources, LLC (as operator of the oil and gas assets) in the successful completion of AEPB’s $2.1 billion out-of-court recapitalization. The transaction reduced AEPB’s debt obligations by approximately $1.4 billion and reduced upcoming debt maturities over the next four years to approximately $36 million from approximately $2.1 billion. In addition, the transaction eliminated approximately $94 million of annual cash interest expense and simplified AEPB's organizational structure

The Simply Good Foods Company in its $1 billion acquisition of Quest Nutrition, LLC

Management team in the formation of a new private equity-backed company with $500 million in equity commitments dedicated to acquiring and developing certain oil and gas and mineral interests in the Permian Basin

KKR in the formation of a partnership with Spur Energy Partners LLC to acquire large, high-margin oil and gas production and development assets across the Lower 48 and the subsequent acquisition of Permian Northwest Shelf assets from Percussion Petroleum LLC

LLOG Bluewater Holdings, LLC in its $1.4 billion sale of Gulf of Mexico assets to Murphy Oil Corp.

KKR in its $900 million acquisition of an equity interest in a newly-formed partnership with NextEra Energy Partners, LP that owns a portfolio of 10 utility scale wind and solar projects across the U.S.

ArcLight Capital Partners, LLC in its joint acquisition with BP Products North America Inc. of Thorntons Inc., an owner and operator of retail gas stations and convenience stores

Royal Resources, an entity owned by funds managed by Blackstone Energy Partners and Blackstone Capital Partners, in the sale of its Eagle Ford Shale assets for a transaction value of $894 million to Osprey Energy Acquisition Corp., an energy-focused SPAC

Elevation Midstream, LLC, a subsidiary of Extraction Oil & Gas, Inc., in its $500 million preferred equity commitment from GSO Capital Partners for the development of oil and gas midstream assets and infrastructure in the D-J Basin

Funds managed by Apollo Global Management, LLC in connection with a $200 million equity commitment to Freestone Midstream Holdings, LLC to invest in water assets serving the oil and gas industry with an initial focus on the Powder River Basin in Wyoming

Mach Resources LLC, an oil and gas producer led by Tom Ward, in the formation of BCE-Mach LLC, a partnership with Bayou City Energy Management LLC dedicated to acquiring, exploring and developing oil and gas assets across Oklahoma and Kansas

Private equity-backed E&P company in its sale of primarily undeveloped acreage and royalty interests in the Delaware Basin.

Private equity-backed minerals company in its sale of royalty and mineral assets in the Eagle Ford Shale.

Indigo Natural Resources LLC in its consolidation with three affiliated operating entities under a common capital structure in connection with a private offering of $650 million of senior unsecured notes due 2026

EIG Global Energy Partners LLC on its senior secured second lien investment in Rosehill Operating Company, LLC and preferred equity investment in Rosehill Resources Inc.

Energy Future Holdings Corp. on its $18.8 billion sale to Sempra Energy

Energy Future Holdings Corp. on its $18.1 billion sale to Berkshire Hathaway Energy Co.

Sithe Global Power, an affiliate of The Blackstone Group, in its $1.2 billion sale of interests in two coal-fired power plants in The Philippines to Aboitiz Power Corp.

Bondholders of US Shale Solutions Inc. in connection with its recapitalization and restructuring

Private equity fund in connection with the confidential acquisition of various coal mining properties and related assets

Private equity fund in connection with its preferred equity and debt investment in an exploration and production company operating in the Permian basin

Alta Marcellus Development, LLC, a wholly owned subsidiary of Alta Resources Development, LLC, in connection with its $1.24 billion acquisition of operated and non-operated upstream assets and operated midstream assets in the Marcellus Shale of north-central Pennsylvania from Anadarko Petroleum Corp.

Alta Marcellus Development, LLC, a wholly owned subsidiary of Alta Resources Development, LLC, in connection with its $207 million acquisition of oil and gas assets in the Marcellus Shale of north-central Pennsylvania from Mitsui E&P USA LLC

Indigo Haynesville on its agreement to purchase from Chesapeake Energy Corp. a portion of its acreage and producing properties in its Haynesville Shale operating area in northern Louisiana for approximately $450 million and associated placement of second lien and equity financing with a syndicate of private equity firms

Indigo Minerals LLC in its $375 million equity capital raise and the acquisition of certain producing properties and undeveloped acreage in the core of the Cotton Valley and Haynesville plays from a private exploration and development company

GEP Haynesville LLC, the consortium of GeoSouthern Haynesville, LP and GSO Capital Partners LP in its $850 million agreement to acquire from indirect, wholly-owned subsidiaries of Encana Corporation its Haynesville Shale assets