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Evercore Capital acquires various Davis Petroleum entities in bankruptcy buyout

March 2006

Clients Evercore Capital Partners II, L.P.

Jones Day advised Evercore Capital Partners II, L.P. in its $150 million acquisition, along with Red Mountain Capital Partners and Sankaty Advisors, of Davis Petroleum Corp., Davis Offshore, L.P. and Davis Petroleum Pipeline LLC in a bankruptcy buyout. Jones Day prepared and negotiated employment agreements pertaining to the acquisition of the oil and gas assets of the above mentioned businesses. In addition to M&A representation, Jones Day also provided employment, employee benefits, and oil/gas advice.

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