This transaction marks the third time we have advised Amberjack on a GP-led secondary transaction and continuation fund formation

Davis Polk advised Amberjack Capital Partners in connection with a multi-asset GP-led secondary continuation fund transaction. Amberjack’s predecessor Fund II and Fund III sold interests in its remaining eight energy and infrastructure services portfolio companies to a newly formed continuation fund managed by Amberjack.

Four institutional secondaries investors co-led the buyer group that invested in the continuation fund. Existing Amberjack Fund II and Fund III limited partners were given the option of receiving their portion of the proceeds of the sale, reinvesting the proceeds of the sale in the continuation fund or maintaining their existing indirect interests in the portfolio companies through existing Amberjack predecessor funds. The eight energy and infrastructure services portfolio companies support a range of end markets, including upstream oil and natural gas services and pipeline integrity evaluation services.

Amberjack is a specialized private equity firm that invests in and partners with entrepreneurs and business owners to build market leaders serving the industrial, infrastructure and environmental end markets. Headquartered in Houston, the firm has raised $2.1 billion of committed capital since its inception in 2006 and has invested in over 50 companies.

The Davis Polk corporate team included partner Leor Landa, counsel Michael W. Brasher, associates June Han, Tianye Zhang, Imad Rizkallah, Josh Schilowitz and Rosina Curren. Partner Ethan R. Goldman and associates Constance Zhang and Ted Lee provided tax advice. All members of the Davis Polk team are based in the New York office. 

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