Indigo Minerals Completes Capital Raise and Acquisition
Troutman Sanders was mentioned in an April 28 press release that appeared on Spoke, peHUB, Business Wire, and others, regarding Indigo Minerals LLC’s completion of a $375 million equity capital raise and its acquisition of certain properties in the core of the Cotton Valley and Haynesville shale formations from a private exploration and development company.
As a result of the acquisition, Indigo holds approximately 160,000 net acres in Louisiana and Texas in addition to a significant portfolio of minerals and leasehold interests across 15 states. The capital raise was led by Trilantic Capital Management L.P. in partnership with the company’s existing investors, including the Martin Companies, L.L.C., Yorktown Partners LLC and Ridgemont Equity Partners.
Ridgemont was advised by Charlotte partner Alec Watson.