Carlyle Takes Stake In NGP Energy

Target: NGP Energy Capital Management

Price: $424 million

Sponsor: The Carlyle Group

Seller: Barclays Natural Resource Investments, NGP Energy Capital Management

The Carlyle Group has acquired a 47.5 percent stake in energy investor NGP Energy Capital Management for $424 million to boost its natural resources investments. Carlyle will buy the 40 percent stake owned by Barclays Natural Resource Investments, and rest from NGP’s management.

Carlyle raised $1.38 billion, almost double its initial target, in November for an energy buyout fund, its first such fund following the end of its collaboration with Riverstone Holdings LLC. The firm and New York-based Riverstone launched six funds together ...

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