Davis Polk advised Metalmark Capital in connection with its $110 million minority investment in preferred interests of Reliance Gathering, LLC, a private midstream energy company located in the Texas Panhandle.

Metalmark Capital is a leading private equity firm whose principals have a long track record of successful investing in targeted sectors, with particular expertise and focus in industrials, energy and health care. Reliance Gathering, LLC, a subsidiary of Reliance Exploration, Ltd., is a private, full-service midstream energy company focused on building and operating assets in the midstream sector of the oil and gas industries.

The Davis Polk corporate team included partner John A. Bick, associate Elyka A. Anvari and associate Paul Lee. Partner Kathleen L. Ferrell is providing tax advice. Counsel Betty Moy Huber provided environmental advice. Partner Edmond T. Fitzgerald and associates Geoffrey E. Walter and Tricia E. Walsh provided executive compensation advice. All members of the Davis Polk team are based in the New York office.

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