Locke Lord represented Natural Gas Partners in its recent capital commitment to establish The Catapult Group, a fund that will invest in start-up oilfield services companies established by experienced, entrepreneurial managers. Catapult also will provide back-office services such as systems and consulting in accounting, finance, human resources, IT, legal, HSE and risk management services. Already, Catapult has funded experienced management teams to build a well testing company and a coiled tubing service company. Founded in 1988, Natural Gas Partners (NGP) is a $10.5 billion family of private equity investment funds organized to make investments in the natural resources sector. Locke Lord's Mitch Tiras, Kevin Peter and Eric Larson worked on the establishment of this fund.
Posted October 11, 2013