CIC to Acquire EIG Minority Stake

Global energy investor EIG Global Energy Partners and the China Investment Corporation have entered into a transaction for a purchase of a stake in EIG. EIG is headquartered in Washington, DC, with offices in Houston, London, Sydney and Hong Kong. Financial terms were not disclosed. PRESS RELEASE EIG Global Energy Partners (EIG) today announced a […]

WL Ross, Others Put $1B into Diamond S Shipping

Investors including First Reserve Corp., WL Ross & Co., China Investment Corporation, Fairfax Financial Holdings, Morgan Creek Capital Management and PPM America Capital Partners are putting more than $600 million in equity into Diamond S Shipping, the company announced Monday. Additional debt funding will come from Nordea Bank Finland and DnB Nor Bank ASA. The money is being used to fund the acquisition of 30 medium-range refined product carriers to add to the company’s fleet of ten tankers under construction in Korean shipyards.

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