News Release
Print Page Print Page | E-mail Page E-mail Page | RSS Feeds RSS Feeds | E-mail Alerts E-mail Alerts | IR Contacts IR Contact | Financial Tear Sheet Financial Tear Sheet
<< Back
Southcross Holdings LP Announces $210 Million Capital Commitment from Energy Capital Partners and GE Energy Financial Services

DALLAS--(BUSINESS WIRE)--Nov. 7, 2014-- Southcross Holdings LP (“Holdings”) announced today the completion of a $210 million preferred equity commitment from Energy Capital Partners Mezzanine Opportunities Fund and GE Energy Financial Services. Holdings owns 100% of Southcross Energy Partners GP, LLC, the general partner of Southcross Energy Partners, L.P. (NYSE:SXE) (“Southcross”), limited partner interests in Southcross, and several Eagle Ford based midstream assets.

The investment will enable Holdings to further integrate the assets from the recent TexStar combination and to build out further Holdings’ operating footprint in the Eagle Ford region. Development of these assets at Holdings will continue to enhance the significant inventory of potential drop-downs into Southcross, creating greater opportunities for distribution growth.

“We are thrilled to form a partnership with the highly experienced capital providers in Energy Capital Partners and GE Energy Financial Services. Their financial strength, industry relationships and midstream experience create the basis for a strong partnership to grow Southcross’ operations,” said J. Michael Anderson, Senior Vice President and Chief Financial Officer of Southcross’ general partner.

“We are excited to partner with a solid Eagle Ford gas and NGL-focused midstream company with premier sponsorship,” said Nazar Massouh, who leads ECP’s energy-focused mezzanine investment activities.

"We have great confidence in the leadership at Southcross. We are excited to use our capital and expertise to support the significant growth opportunities that this team has developed," said John Shepherd, Managing Director at GE Energy Financial Services.

Barclays acted as financial advisor for Holdings. Sidley Austin LLP served as legal advisor to Energy Capital Partners and GE Energy Financial Services. Weil Gotshal & Manges LLP served as legal advisor to Holdings.

About Southcross Holdings LP

Southcross Holdings LP owns 100% of Southcross Energy Partners GP, LLC, the general partner of Southcross, as well as a portion of Southcross’ common units, all of Southcross’ subordinated units and all of Southcross’ Class B convertible units. Holdings also owns gathering, treating and fractionating assets in South Texas.

About Southcross Energy Partners, L.P.

Southcross Energy Partners, L.P. is a master limited partnership that provides natural gas gathering, processing, treating, compression and transportation services and NGL fractionation and transportation services. It also sources, purchases, transports and sells natural gas and NGLs. Its assets are located in South Texas, Mississippi and Alabama and include four gas processing plants, two fractionation plants and approximately 3,000 miles of pipeline. The South Texas assets are located in or near the Eagle Ford shale region. Southcross is headquartered in Dallas, Texas. For more information, visit

About Energy Capital Partners

Energy Capital Partners is an energy-focused private equity firm with over $13 billion in capital commitments and offices in Short Hills, Houston and San Diego. The firm is focused on investing in the power generation, midstream oil and gas, environmental infrastructure, renewable energy, electric transmission, and energy services sectors of North America's energy industry. Its management has substantial experience leading successful energy companies and energy infrastructure investments. For more information, visit

About GE Energy Financial Services

GE Energy Financial Services – GE’s energy investing business – works as a builder, not just a banker, to help meet the world’s power and fuel needs. We offer more than money – expertise – for essential, long-lived and capital-intensive power, oil and gas infrastructure – GE’s core business. Drawing on GE’s energy technical know-how, financial strength and risk management, we see value where others don’t and take on our customers’ toughest challenge with flexible equity and debt transaction structures. Based in Stamford, Connecticut, GE Energy Financial Services holds approximately $16 billion in assets. More information: Follow GE Energy Financial Services on Twitter: @GEENergyFinServ

About GE

GE (NYSE:GE) works on things that matter. The best people and the best technologies taking on the toughest challenges. Finding solutions in energy, health, and home, transportation and finance. Building, powering, moving and curing the world. Not just imagining. Doing. GE works. For more information, visit the company’s website at

Forward-Looking Statements

This press release includes certain statements concerning expectations for the future that are forward-looking within the meaning of the federal securities laws. Forward-looking statements include, without limitation, any statement that may project, indicate or imply future results, events, performance or achievements, and may contain the words “expect,” “intend,” “plan,” “anticipate,” “estimate,” “believe,” “will be,” “will continue,” “will likely result,” and similar expressions, or future conditional verbs such as “may,” “will,” “should,” “would” and “could.” Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the ability to complete any potential future drop-down transaction. Although management believes the expectations and forecasts reflected in these and other forward-looking statements are reasonable, management can give no assurance they will prove to be correct. Forward-looking statements contain known and unknown risks and uncertainties (many of which are difficult to predict and beyond management’s control) that may cause actual results in future periods to differ materially from anticipated or projected results. Any forward-looking statements in this press release are made as of the date hereof and management undertakes no obligation to update or revise any forward-looking statements to reflect new information or events.

Source: Southcross Energy Partners, L.P.

Southcross Energy Partners, L.P.
Kristin Donnally, 214-979-3720
Investor Relations
Energy Capital Partners
Jordan Robinson, 973-671-6137
Managing Director, Head of Investor Relations
Paul Parshley, 973-671-6106
Managing Director, Investor Relations
Jaclyn Cole, 203-961-2934