Law360, New York (November 03, 2009, 3:06 PM ET) -- Private equity firm TPG Capital has purchased a majority stake in natural gas services company Valerus Compression Services LLP for $500 million.
The deal, announced Monday, will add Houston-based Valerus' natural gas handling services — including natural gas compression, processing and treating — under TPG's expanding umbrella. TPG Capital is a unit of Texas Pacific Group.
It will also serve to help privately held Valerus restructure its existing debt and move forward with expansion plans. TPG's investment will go into Valerus' existing debt and equity structure,...
TPG Adds Gas Services Co. Valerus For $500M
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