Talos Energy LLC (Talos) received a $600M investment to form a new company – The company will focus on oil and gas acquisitions in the Gulf Coast and Gulf of Mexico. The investment was made through a partnership between Apollo Global Management LLC and Riverside Holdings, LLC.
The Talos team has over a decade of experience working together. The team has provided some of the most successful private equity-backed companies. The president and CEO, Tim Duncan, and his team has built, Gryphon Exploration Co. and Phoenix Exploration Co. LP.
Greg Beard, a Senior Partner at Apollo, said, “We are delighted to partner with the top-notch team at Talos, which has an outstanding track record in the region. We believe our investment in Talos is consistent with Apollo’s approach of partnering with high quality management teams to buy physical assets at attractive valuations and drive value through operational excellence.”
Apollo has offices in New York, Los Angeles, Houston, London, Frankfurt, Luxembourg, Singapore, Mumbai and Hong Kong. As of December 31, 2011, Apollo had assets under management of more than $75 billion in private equity. Riverstone Holdings, LLC has approximately $18 billion across seven investment funds, including the world’s largest renewable energy fund.
David Leuschen is a president and co-Founders of Riverstone Holdings, LLC, was founded in 2000. The firm has committed to approximately $16.4 billion to 80 investments in North America, Latin America, Europe, and Asia with offices in New York, London and Houston. The firms is an energy and power-focused private equity firm conducting buyout and growth capital investments in the midstream, exploration and production, oilfield services, power and renewable sectors of the energy industry.