HOUSTON – Bracewell LLP represented Juniper Capital Advisors, L.P. in its $188.4 million strategic investment in Penn Virginia Corporation, including a $150 million cash investment and a contribution of complementary oil and gas assets. Juniper will make its investment in Penn Virginia through an up-C structure, which will be implemented at the closing of the transaction. After completion of the transaction, Juniper is expected to own approximately 59 percent of Penn Virginia’s equity.
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Bracewell lawyers involved in the transaction included:
Partners: Will Anderson, Jason M. Jean, Troy L. Harder, Elizabeth L. McGinley, Mark E. Dendinger, Daniel E. Hemli, Austin T. Lee, Don J. Lonczak, Scott C. Sanders and Timothy A. Wilkins
Counsel: Jacqueline R. Java
Associates: Andy W. Monk and Shannon Baldwin