Ann Marie Cowdrey is a partner in the U.S. Private Equity Group and is a member of the firm’s Energy Industry Group.

Ann Marie’s practice focuses on private equity and, specifically the following areas of the typical private equity life cycle: fund formation, structuring the fund’s investments in portfolio companies and advising the fund on exit transactions involving portfolio investments though M&A transactions, IPOs, strategic recapitalizations and other liquidity events. Her private equity expertise has led to significant M&A and capital markets representations involving portfolio companies. Ann Marie advises her fund clients on internal regulatory and compliance matters. She regularly advises boards and management teams of companies (both public and private) in a variety of corporate matters, such as equity and debt financing, securities laws compliance and corporate governance. The majority of Ann Marie’s clients are engaged in the energy and infrastructure industries.

• Fund sponsor in the formation of a co-investment vehicle targeting investments in renewable energy infrastructure projects
• Fund sponsor in the formation of its twelfth institutional private equity fund, together with a midstream-focused co-investment vehicle
• Fund sponsor in forming a joint venture with unrelated fund sponsor to pursue renewable energy infrastructure opportunities
• Certain funds managed by Yorktown Partners in connection with initial public offering of Brigham Minerals, Inc. (NYSE: MNRL)
• Certain funds managed by Yorktown Partners LLC in connection with a transaction achieving a simplified midstream corporate structure of Antero Midstream GP LP (NYSE: AMGP) and Antero Midstream GP LP (NYSE: AM)
• Yorktown Partners LLC in connection with its participation in a line of equity financing, together with certain funds managed by Warburg Pincus and Pine Brook Partners
• Advised Star Group, L.P. (NYSE: SGU) in a transaction in which it elected to be classified as corporation, instead of a partnership, for federal income tax purposes
• Silver Hill Energy Partners in its $2.4 billion sale of Silver Hill Energy Partners I (November 2016) and Silver Hill Energy Partners II (March 2017) to RSP Permian Inc., which set "a new high-water mark" for Delaware Basin transactions
• Yorktown Partners LLC in connection with its equity investment in Indigo Minerals LLC, along with Trilantic Capital Partners, Ridgemont Equity Partners and Martin Companies, L.L.C.
• Fund manager in the formation of its 11th institutional private equity fund, with total commitments from investors of $1.2 billion
• Fund manager in the formation of its 10th institutional private equity fund, with total commitments from investors of $1.6 billion
• Fund manager in the formation of a co-investment vehicle, with $157 million in capital contributions from investors
• Fund manager in the formation of its ninth institutional private equity fund, with total commitments from investors of $1.3 billion
• Fund manager in the formation of a co-investment vehicle, with $185 million in capital contributions from investors
• An energy-based private equity fund in making investments in midstream and upstream companies and “exit” transactions involving those companies
• A NYSE-listed MLP engaged in the home heating product distribution business on its public reporting and corporate governance matters
• Fund manager in closing of $400 million in aggregate commitments by two sovereign wealth funds to co-investment vehicles
• A private equity partnership in its investment in a publicly traded home heating oil distributor and related recapitalization transaction
• Privately held midstream company in the sale of assets to a publicly traded partnership (MLP) for an aggregate consideration of $1.2 billion
• A privately held upstream company in the sale of assets to two separate buyers for aggregate consideration of $550 million
• Privately held exploration and production (E&P) company in the sale of its Williston Basin assets to a publicly traded company in a transaction valued at $1.85 billion
• U.S. institutional investors in connection with the sale of operating subsidiaries of a London-based exploration and production (E&P) company in a series of transactions valued at $1.1 billion
• A privately held E&P company in the sale of its Barnett Shale properties to a publicly traded company in a stock-for-stock merger and related restructuring transaction
• Shareholders in the sale of a privately held E&P company to a publicly traded company in a transaction valued at $230 million
• Private investors in the purchase of mineral and royalty assets for $180 million
• A publicly traded E&P company in its acquisition by merger with another public E&P company worth $330 million
• A private investor in connection with its acquisition of a controlling interest in a publicly-traded company and the recapitalization of such company; $1.2 billion
• Boards of Directors of various publicly traded companies in the review and adoption of structural anti-takeover measures

Professional Affiliations

• Member, American Bar Association

Awards & Accolades

• The Best Lawyers in America by Woodward/White Inc. (Corporate Law), (2008-2020)
• Texas Super Lawyers by Thomson Reuters (Securities & Corporate Finance), (2009-2019)
• Best Lawyers in Dallas (Corporate Securities/Capital Markets, Corporate Law: Private Equity), D Magazine, (2014, 2017-2019)
• Best Women Lawyers in Dallas, D Magazine, (2010)