Global law firm White & Case LLP has advised Triten Energy Partners (TEP), a new energy company in Houston specializing in downstream infrastructure projects, on a US$150 million equity commitment from Tailwater Capital, an energy-focused private equity firm based in Dallas.
This partnership will enable TEP to further develop and acquire facilities producing fuels and chemicals for the refined products and petrochemical sectors, focusing on renewable and lower-emission end products. Tailwater's commitment also helps TEP develop solutions for its customers to reduce carbon emissions while working with critical fuels and chemicals for the global economy.
Triten Energy Partners utilizes proven process technology and an experienced team to invest in downstream infrastructure that provides lower-emission fuel sources and chemical intermediates. Tailwater Capital manages more than US$3.2 billion in committed capital and the team has executed more than 100 energy transactions in the upstream and midstream sectors.
The White & Case team that advised on the transaction was led by partners Steven Tredennick and Charlie Ofner and associates Ted Seeger and Anil Tanyildiz in Houston.
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