BPZ Resources, Inc. (NYSE:BPZ) is an oil and gas exploration and production company. On February 19, 2009, BPZ completed a private placement of its common stock for gross proceeds of approximately $43.6 million. In connection with the PIPE, BPZ sold approximately 14.3 million shares to 13 institutional investors at a price of $3.05 per share. A Seward & Kissel team led by partner Craig Sklar and including Gerhard Anderson and David Mulle represented the lead investors, a group of four private investment funds managed by Centennial Energy Partners, LLC in connection with making this PIPE investment.
PIPE – Represented a group of private investment funds managed by Centennial Energy Partners, LLC in a Common Stock PIPE Investment in BPZ Resources, Inc.
Craig A. Sklar
David R. Mulle