Carlyle/Riverstone Global Energy & Power Fund has sold its interest in International Logging Inc. to Weatherford International Ltd. No financial terms were disclosed. Lehman Brothers advised International Logging on the deal.
Carlyle/Riverstone Global Energy and Power Fund III today announced that it has sold its interest in International Logging, Inc. (“
Greg Beard, a Managing Director at Riverstone Holdings LLC said, “
Lehman Brothers acted as financial advisor to International Logging, Inc.
About Riverstone Holdings LLC
Riverstone Holdings LLC, an energy and power-focused private equity firm founded in 2000, has approximately $14.8 billion under management across six investment funds. Riverstone conducts buyout and growth capital investments in the midstream, exploration & production, oilfield service, power and renewable sectors of the energy industry. With offices in
About Carlyle Group
The Carlyle Group is one of the world's largest private equity firms, with over 60 funds across four investment disciplines (buyouts, venture & growth capital, real estate and leveraged finance) totaling more than $81.1 billion under management. Carlyle's more than 575 investment professionals operate out of offices in 21 countries in North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America, covering a wide range of industries (aerospace & defense, automotive & transportation, consumer & retail, energy & power, healthcare, industrial, infrastructure, real estate, technology & business services and telecommunications & media).