TPG Capital in Acquisition of Majority Stake in Valerus Compression Services
November 4, 2009
Cleary Gottlieb is representing TPG Capital, L.P. and its investment funds in the debt and equity financings for its acquisition of a majority stake in Houston-based Valerus Compression Services, L.P. Valerus is a privately-held provider of natural gas handling services, including natural gas compression, processing and treatment. TPG will invest $500 million in the company’s debt and equity. Proceeds from the transaction will be used to fund Valerus’ growth plans and to refinance most of its existing debt.