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Five Point and GSO invest in Twin Eagle

Five Point Capital Partners and GSO Capital Partners have acquired a 50 percent stake in Twin Eagle Resource Management from Chesapeake Energy Corp. and LS Power Group. No financial terms were disclosed. Also, Five Point, GSO and Twin Eagle’s management have committed to invest up to an additional $200 million to support Twin Eagle’s next growth phase. Headquartered in Houston, Texas, Twin Eagle is a natural gas and power marketing company.

Breaking Down PE’s 2012 Plays

Private equity has been making some big bets this year (just like Dick Schulze has been looking for anyone willing to make a mega-bet alongside him). Today, peHUB breaks 2012’s Thomson Reuters data down for the first 11 months of the year.

Six Tips for PE Firms to Avoid a Chesapeake Disaster

Deal lawyer Chris Manderson offers some important tips PE firms should follow to avoid ending up in a situation like the one EIG Global Energy is dealing with at Chesapeake Energy Corp.

Chesapeake Energy Gets $900 Million PIPE

(Reuters) – Korea Investment Corp (KIC) said on Monday it would invest $200 million in Chesapeake Energy Co (CHK.N) as the U.S. No.2 natural gas firm was set to issue a total of $900 million worth of convertible preferred stock. Along with KIC, China Investment Corp (CIC) and Singapore state investor Temasek Holdings [TEM.UL] would […]

KIC, CIC Consider Chesapeake Energy Stakes

SEOUL (Reuters) – A consortium by Korea Investment Corp (KIC) and China Investment Corp (CIC) is considering buying stakes in Chesapeake Energy Co (CHK.N), local media said on Thursday. While Chesapeake is set to issue $900 million worth of convertible preferred stock, KIC and CIC are in talks to acquire $300 million each, with Singapore […]

Global Infrastructure Partners Forms JV with Chesapeake Energy

Chesapeake Energy Corp. (NYSE: CHK) has formed a joint venture on a portion of its midstream assets, with Global Infrastructure Partners. The deal would create a new entity called Chesapeake Midstream Partners, in which each firm would own a 50% stake. Chesapeake Energy would receive $588 million in cash from Global Infrastructure Partners.

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