Vinson, Baker Botts Advise In $300M Targa IPO

Law360, New York (September 9, 2010, 2:38 PM EDT) -- Targa Resources Investment Inc., a Houston-based natural gas pipeline holding company operated by private equity firm Walter Pincus LLC, announced plans Thursday to raise up to $300 million in an initial public offering.

Warburg Pincus will have a controlling interest in Targa after the IPO is completed, and Bank of America Corp.’s Merrill Lynch Ventures LP will also hold shares in the company, according to a filing with the U.S. Securities and Exchange Commission.

Targa recently formed Targa Resources Partners LP to acquire midstream natural gas...
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