Five Point, GSO Affiliates Buy 50% Stake In Twin Eagle

Law360, New York (March 19, 2014, 3:06 PM EDT) -- Five Point Capital Partners LLC and affiliates of GSO Capital Partners LP said on Wednesday that they have acquired a 50 percent stake in Twin Eagle Resource Management LLC, and announced intentions to invest up to $200 million in the company.

The price tag for the 50 percent interest was not disclosed. Five Point and the GSO affiliates — the names of which were also not disclosed — purchased the stake from energy services provider Twin Eagle's dual-owners, Chesapeake Energy Corp. and LS Power Group. The...
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