Lime Rock Partners Names New Managing Directors and Directors
1/13/2009WESTPORT, Conn., January 13, 2009 — Lime Rock, a private equity firm focused on the global energy sector, today announces the naming of three new managing directors and several additional promotions. Longstanding team members Will Franklin, J McLane, and Simon Munro have all been named Managing Directors of the Lime Rock Partners team. Mr. Franklin and Mr. McLane are based in Lime Rock’s Houston, Texas office, and Mr. Munro is based in the firm’s Aberdeen, Scotland location. Mr. McLane joined the Lime Rock Partners team in 1998, at the firm’s inception. Mr. Munro joined the team in 2002, and Mr. Franklin a year later.
Lime Rock also announces new titles of several longstanding team members: Westport, Connecticut-based Jeffrey Scofield is now a Director of the Lime Rock Partners team; Westport-based Gary Sernovitz is now Lime Rock’s Director, Investor Relations and Business Development; and Aberdeen-based Jason Smith is now a Vice President of the Lime Rock Partners team.
Finally, Lime Rock also announces the hiring of Kris Agarwal in the new role of Director and Assistant General Counsel. Mr. Agarwal was formerly at Vinson & Elkins LLP and Skadden, Arps, Slate, Meagher, and Flom LLP.
John Reynolds, Managing Director of Lime Rock, commented, “The naming of Will, Simon, and J to our global leadership group of managing directors will come as no surprise to those who have dealt with any of them. Throughout their careers at Lime Rock, all three have been integral to how we have conducted—and grown—our business. They have been tremendous investment partners to our portfolio companies, and their sharp investment judgment has helped us deliver strong returns to our investors.” Jonathan Farber, Managing Director of Lime Rock, added, “Lime Rock has sought to build a team with diverse experience and skills, adding new senior team members from industry and the finance community and allowing younger team members to assume increasing responsibility. We believe that J, Will, and Simon—and with them, Jeff, Jason, Gary, and Kris—will continue to demonstrate how essential they are to our global investment effort.”
For more information on the team members, please see www.lrpartners.com/team.aspx.
Established in 1998, Lime Rock manages $3.8 billion of private capital for investment in the energy industry through Lime Rock Partners, investors of growth capital in energy companies worldwide, and Lime Rock Resources, acquirers and operators of oil and gas properties in the United States. With $3.0 billion under management, Lime Rock Partners is a creative, value-adding, and long-term investor of growth capital in exploration and production, energy service, and oil service technology companies worldwide. From locations in Aberdeen, Scotland; Houston, Texas; and Westport, Connecticut, the Lime Rock Partners team brings together a global network of relationships, deep interdisciplinary expertise in finance and energy company operations, and a strong track record of value creation. For more information, please see www.lrpartners.com.
Back to News