Simpson Thacher Represents First Reserve in Secondary Offering by Cobalt International Energy, Inc.
05.10.13
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The Firm recently represented funds affiliated with First Reserve Management, L.P. (“First Reserve”), in connection with a registered public offering of common stock of Cobalt International Energy, Inc. (“Cobalt”). A total of approximately $1.3 billion in net proceeds was raised in the offering. Affiliates of First Reserve received approximately $421.5 million of the gross proceeds from the offering.
Cobalt is an independent, oil-focused exploration and production company with an extensive below salt prospect inventory in the deepwater U.S. Gulf of Mexico and offshore Angola and Gabon in West Africa.
The Simpson Thacher team included Ed Tolley and David Azarkh (Capital Markets).