Warburg Pincus-based Zenith Energy expands team with two hires

Houston-based Zenith Energy, a developer and operator of terminals that store and distribute petroleum, natural gas liquids and petrochemicals, has named Carlos Ruiz as chief financial officer and John Jessup as director of corporate development. Previously, Ruiz worked at Barclays Capital where he served as a managing director in the natural resources group while Jessup was a vice president at Riverstone Holdings. Zenith Energy is backed by Warburg Pincus.


KKR hires head of energy in Europe, Middle East and Africa

Kohlberg Kravis Roberts has hired Haroun van Hövell as a managing director and the head of its energy team covering Europe, the Middle East and Africa. Van Hövell joins KKR from Riverstone Holdings, where he worked as a managing director. He also worked at 4Gas Holding, The Carlyle Group and Salomon Smith Barney.


Riverstone, EnCap invest $225m each in Mexican oil and gas company

Riverstone Holdings and EnCap Investments have each committed $225 million to Sierra Oil & Gas S. de R.L. de C.V., a Mexican exploration and production company. Infraestructura Institucional, a Mexican infrastructure private equity firm, committed $75 million to the company. All three investors have the option to double their existing commitments once initial equity has been deployed.


Carlyle and Riverstone to sell Quorum to Silver Lake

Carlyle and Riverstone said Monday that they have agreed to sell Quorum Business Solutions to Silver Lake Partners and Silver Lake Kraftwerk. No financial terms were disclosed. Based in Houston, Quorum is a a provider of business and IT solutions for the oil, gas and renewable energy sector.


Riverstone forms energy credit team

Riverstone Holdings has formed a team of energy-focused leveraged finance professionals to lead the firm’s expansion into credit and capital markets activities. The team includes Christopher Abbate, former managing director and head of energy leveraged finance at Citigroup; Jamie Brodsky and Daniel Flannery, who both join Riverstone from Nomura Securities International. All three also worked together on the energy leveraged finance team at UBS.


Riverstone-backed Trailstone buys USOR

TrailStone, which is backed by Riverstone, said Monday that it has acquired U.S. Oil and Refining Co. No financial terms were disclosed. Deutsche Bank Securities advised USOR on the transaction. USOR operates a refinery in Washington state and provides petroleum products to the Puget Sound area.

Liberty Resources II gets $350m

Liberty Resources II, a newly-formed, Denver-based oil and gas company has secured a $350 million commitment, including $300 million from Riverstone Holdings, $50 million from Oakmont Corporation and additional amounts from the company’s management team. The Riverstone commitment comprises $200 million from Riverstone Global Energy and Power Fund V and $100 million from Riverstone Energy Limited.

Fieldwood Energy closes Gulf of Mexico Shelf acquisition

Fieldwood Energy, a portfolio company of Riverstone Holdings has closed its acquisition of Apache Corporation’s Gulf of Mexico Shelf business for $3.75 billion, based on an effective date of July 1, 2013. The acquisition establishes Fieldwood as the owner of the largest operated asset base on the Gulf of Mexico Shelf with a leasehold comprising greater than 500 blocks and net production of approximately 100,000 boepd, which is 55% oil.

Pattern Energy Group prices IPO

Pattern Energy Group has priced its initial public offering of 16,000,000 shares of its Class A common stock at US$22.00 per share. Private equity firm Riverstone Holdings is a backer of the business.

Leon Black of Apollo by Fred Prouser of Reuters

Exclusive: Apollo’s EP Energy Eyes IPO — Sources

(Reuters) – EP Energy LLC, the oil and gas company bought just last year by a private equity consortium led by Apollo Global Management LLC for $7.15 billion, is working with investment banks to prepare for an IPO as soon as this year, three people familiar with the matter said on Monday.


Trilantic, Riverstone Invest in Trail Ridge Energy Partners II

Trilantic Capital Partners and Riverstone Holdings have invested in Trail Ridge Energy Partners II. Financial terms weren’t announced. Trail Ridge is a newly-formed oil and gas exploration and production company focused primarily in the Permian Basin in West Texas.  Stifel Nicolaus advised Trail Ridge in regards to financing.

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