TPG Makes $300M Investment In Copano Energy

Law360, New York (July 22, 2010, 1:51 PM EDT) -- Private equity firm TPG Capital has poured $300 million into Copano Energy LLC that will go toward expanding the Houston-based natural gas firm’s shale production.

Copano said Wednesday that TPG bought convertible preferred equity valued at $29.05 per unit that is convertible into common units on a one-for-one basis after July 21, 2013.

The investment in the natural gas pipeline and processing company will fund its Eagle Ford Shale expansion strategy in southern Texas and other growth initiatives in Texas and Oklahoma.

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