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 ...