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Uptick In Chemical Deals Seen; Carlyle, Apollo Big Players

Posted on: March 22, 2013 by Steve GelsiNo Comments »

Financial and private equity investors Icahn Enterprises, Apollo Global Management, First Reserve and SK Capital ranked among the top 10 acquirers among the major 2012 deals in the chemical sector, according to a new survey flagging brisk activity in the sector.

peHUB First Read

Posted on: April 4, 2012 by asormaniNo Comments »

As you sit down with your coffee this morning click through to peHUB’s headline news including a German clone war, women innovating mobile in New York and Instagram finally arriving on the Android.

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First Reserve, Beowulf Energy Team up in Caribbean

Posted on: January 11, 2012 by cnolanNo Comments »

First Reserve‘s Energy Infrastructure Fund is teaming up with Beowulf Energy to invest in power generation and midstream assets in the Eastern Caribbean. First Reserve is buying from Beowulf an equity stake in Trinity Power Limited, a power generation facility in the Republic of Trinidad and Tobago. Specific financial details of the deal were not released. First Reserve’s Energy Infrastructure Fund closed in April 2011 with $1.23 billion in committed capital.

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First Reserve Buys Portfolio from Arclight Capital

Posted on: December 16, 2011 by cnolanNo Comments »

First Reserve Corp. is acquiring a portfolio of natural gas fired power generation plants from Arclight Capital, the firm announced Friday. Also, as part of the deal, the California Public Employees’ Retirement System will acquire the Neptune Regional Transmission System. First Reserve’s Energy Infrastructure Fund will take a controlling ownership position in the power portfolio, and CalPERS’ investment will result in direct ownership of 75% of the Class C shares of Neptune, the firm announced. Terms of the deal were not released.

First Reserve’s Saxon Merges with Schlumberger

Posted on: December 6, 2011 by asormaniNo Comments »

SES Holdings (Saxon) has merged its rig business with the business of the Schlumberger Rig Management Group. As a result of the transaction, Saxon will continue to be owned by Schlumberger, affiliates of investment firm First Reserve Corporation and Saxon management. PRESS RELEASE SES Holdings Ltd. (“Saxon”) announced today that it has merged its rig [...]

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First Reserve, Renovalia Create $1B Wind Venture

Posted on: December 5, 2011 by cnolanNo Comments »

Spain’s Renovalia Energy and private equity firm First Reserve are partnering on a venture to invest in wind farm projects across Europe and North America, Reuters reported Monday. First Reserve is putting $150 million of equity into the project. When leveraged, the venture could have roughly $1 billion for investments in renewable energy, Reuters wrote.

peHUB First Read

Posted on: December 5, 2011 by Jonathan MarinoNo Comments »

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First Reserve Bolsters Infrastructure Team

Posted on: October 20, 2011 by cnolanNo Comments »

Investment firm First Reserve Corp. has added to its infrastructure team, naming Eduard Ruijs as a director and Ed Fidler as vice president. Both will be based in London. Ruijs joins from NIBC Infrastructure Partners. Fidler was previously associate director of Macquarie Capital Funds.

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First Reserve Backs Amromco

Posted on: September 19, 2011 by cnolanNo Comments »

First Reserve Corp., a private investment firm focused on energy and natural resources, has put an undisclosed amount into Amromco Energy, a oil and gas producer in Romania. No terms of the investment were given. The deal is part of First Reserve’s plans to build an oil and gas platform in the Central and Eastern European region, the firm said.

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First Reserve Closes Energy Infrastructure Fund at $1.2B

Posted on: May 4, 2011 by EamonNo Comments »

First Reserve Corp. held the final close of its latest fund. First Reserve Energy Infrastructure Fund LP secured than $1.2 billion in capital commitments. The Greenwich, Conn.-based firm invests in energy and natural resource industries.