Riverstone to Acquire Utex

Riverstone Holdings is to acquire Utex from investment funds affiliated with Rhône Capital. Financial terms of the transaction were not disclosed.

Talos Buys Energy Resource Technology

Talos Energy said Wednesday it has closed its buy of Energy Resource Technology GOM, the oil and gas subsidiary of Helix Energy Solutions Group.The deal was valued at $620 million. Talos is backed by Apollo Global Management and Riverstone Holdings.

Riverstone to Back Meritage Midstream Services II

Meritage Midstream Services II has partnered with Riverstone Holdings to pursue midstream opportunities in North America’s emerging resource plays. Riverstone will provide Meritage II with up to $500 million in private equity capital to focus on developing midstream systems to serve producers of natural gas and natural gas liquids. PRESS RELEASE Meritage Midstream Services II […]

Reuters – Fairfield Energy Raises $350m from Riverstone

Fairfield Energy has raised up to $350 million from private equity firm Riverstone Holdings to help fund investment in oil and gas exploration and development in the British North Sea, writes Reuters. Fairfield said that the energy-focused private equity firm agreed to invest $150 million, with an option to top that up by an additional […]

Goldman, Carlyle and Riverstone Cash Out Some Kinder Morgan Holdings

Goldman Sachs, The Carlyle Group, and Riverstone Holdings will sell 63 million of their common shares of publicly Houston-based Kinder Morgan, one of the largest energy companies in North America. The private equity firms participated in a buyout of Kinder Morgan in 2006, led by founder Richard Kinder. The company went public again in February 2011. […]

Reuters – Concho in Three Rivers Deal

Concho Resources is to buy all of the oil and natural gas assets of Three Rivers Operating Company, a portfolio company of private equity firm Riverstone Holdings, for $1 billion in cash, writes Reuters. Three Rivers owns 200,000 net acres in the Permian Basin, an area spanning Texas and New Mexico. PRESS RELEASE Concho Resources […]

Apollo, Riverstone to Invest Up to $600 Mln in Talos Energy

Apollo Global Management and Riverstone Holdings are investing up to $600 million in Talos Energy. Houston-based Talos will focus on oil and gas acquisition opportunities along the Gulf Coast and Gulf of Mexico. PRESS RELEASE Talos Energy LLC (“Talos”) today announced that it has partnered with investment funds affiliated with Apollo Global Management, LLC (NYSE: […]

Apollo Global-led Group Inks $7.15 Bln Deal for El Paso Production Business

A group of investors led by Apollo Global Management has agreed to buy El Paso Corp.’s oil and gas exploration and production assets for about $7.15 billion. The deal is subject to the completion of the merger between Kinder Morgan and El Paso Corp., as well as other customary closing conditions. Other investors include Riverstone […]

Apollo, Riverstone Partner on $7B El Paso Deal

Private equity firms Apollo Global Management and Riverstone Holdings have teamed up to bid around $7 billion for all of El Paso Corp‘s exploration and production assets, Reuters wrote, citing people familiar with the matter. El Paso’s oil and gas assets include acreage in the Eagle Ford field of south Texas, one the most lucrative producing areas in the country, Reuters wrote.

Dynamic Offshore Files for $400M IPO

Dynamic Offshore Resources Inc, a private oil and gas company, filed with regulators to raise up to $400 million in an initial public offering of its common stock. The company received backing in 2008 from the Carlyle Group and Riverstone Holdings.

Riverstone Exits Titan in $775M Deal

Riverstone Holdings is selling well specialist Titan Group to British oil services firm Hunting in a $775 million deal, Reuters reported. Titan’s products and services are used to drill the horizontal wells that are used to pump oil and gas out of shale rocks, Reuters wrote.

AES Solar Wraps €68 Million Project Financing

AES Solar, the Virginia-based joint venture between AES Corporation and Riverstone Holdings LLC, just completed a €68 Million financing of a solar photovoltaic project in Italy. The solar power company also has more projects in Greece, France and Bulgaria.

Barra Energia Buys Shell’s 10% in Exploration Block off Brazil Coast

Barra Energia, the Brazilian oil and gas company based in Rio de Janeiro, has closed a deal to buy the remaining 10 percent of Royal-Dutch Shell‘s stake in a deep-water subsalt exploration block off Brazil’s coast. Shell said the sale was part of a previously announced reshuffle of its asset portfolio. It plans to continue investing in Brazil and expects […]

AES Solar Sets July Deadline for Asset Sale

AES Solar has set an end-of-July deadline for offers for the solar assets it plans to sell in Europe, Reuters reported. AES Solar is a joint venture between AES Corp. and private equity firm Riverstone Holdings. A sale of the assets – mainly in Italy and Spain – could fetch more than 600 million euros ($873 million), Reuters wrote.

Slideshow: 5 Top Strategic Buyers Of Sponsor-Backed Companies

Corporations and other strategic buyers are presenting buyout shops with serious competition in today’s heated market, but they’re also supplying a rich source of exits, according to the Buyouts cover story, published June 20. As of June 13, strategic buyers around the world bought 15,825 companies, including full or partial stakes, with a combined value […]

Kinder Morgan Planning to File for IPO

Private equity-backed pipeline company Kinder Morgan is expected to file terms for its initial public offering before U.S. markets open on Thursday, Reuters reported. The company is expected to file to sell shares for $26 to $29 each, and price the IPO on Feb. 10, Reuters said. Chief Executive Richard Kinder led a group of investors, including Goldman Sachs’ buyout fund, The Carlyle Group and Riverstone Holdings, in a 2007 deal to take the company private. Goldman Sachs and Barclays Capital are leading the underwriters on the Kinder Morgan offering, Reuters said.

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