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EIG Global Energy Partners now supports the Carlyle Group‘s pending buy of TCW Group, according to an agreement announced by the firms Wednesday. Terms of the agreement call for EIG to publicly support, and assist TCW in securing investor consent, for the sale. TCW will also maintain its economic interest in existing EIG-managed funds, while EIG will assume full management responsibility for the Funds as general partner and investment manager. EIG last summer sued to stop Carlyle’s buy of TCW Group, claiming that the deal would give Carlyle access to EIG’s information , according to the Wall Street Journal. The TCW-Carlyle trandsaction is on track to close in the near future, the statement says.
EIG Global Energy Partners has sued asset manager TCW Group Inc over the latter’s takeover by private equity firm Carlyle, writes Reuters. EIG is the private equity firm whose dealings with Chesapeake Energy Corp contributed to the energy company’s restructuring its governance. Reuters – EIG Global Energy Partners LLC said on Tuesday it had sued [...]
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 [...]
Institutional investor to the global energy sector EIG Global Energy Partners will provide up to $200,000,000 in senior secured notes to finance well development costs for Intervention Energy. Founded in 2007 by Minot native John Zimmerman, Intervention Energy is a non-operating oil and gas exploration and production company focused on North Dakota and Montana. PRESS [...]
Business outsourcing provider SEI has been selected by Washington, DC headquartered EIG Global Energy Partners to provide an operational outsourcing solution for the firm’s alternative investment business. This is the latest in a series of private equity contracts for SEI as more firms adopt operational outsourcing to focus resources on core business functions. Under the [...]
Ares Capital said Monday that it committed $59 million in a $110 million second lien term loan that supports the refinancing of La Paloma Generating Co. Kern County, Calif.-based La Paloma is a four-unit, 1,022 MW natural gas-fired power facility owned by EIG Global Energy Partners and Rockland Capital.
EIG Global Energy Partners has held a final close of its Energy Fund XV with $4.12 billion. The fund, which hit a hard cap of $4 billion in April, includes capital commitments from 187 limited partners from 13 countries, the firm said in a written release. EIG specializes in private investments in energy, energy-related infrastructure and resources, and was formerly the Energy & Infrastructure Group of Trust Company of the West.