| June 19, 2007 -- K-L Sells
Interests in Regency to GE Financial Services |
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| K-L and HM Capital Partners LLC agreed today to sell their subordinated and GP
units in Regency Energy Partners LP to GE Financial Services, a unit of GE
(NYSE: GE). This sale represents a near-complete realization on K-L’s original
investment in Regency, and is consistent with K-L’s goals of making
mid-to-later stage private equity investments in growing midstream and
downstream energy companies and situations. |
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| “Gary and I are pleased to have had the opportunity to work at a board level
with HM Capital and the management team of Regency during its initial
formation, going public, growth execution and now the successful sale to such a
well-recognized firm as GE”, said Bob Kincaid of K-L. “We look forward to
working with all the parties involved on future transactions”. |
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| For more information about the transaction, see Regency’s website at
www.regencygas.com or HM Capital’s website at
www.hmcapital.com. |
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