Company Overview of Riverstone Holdings LLC
Riverstone Holdings LLC is a private equity firm specializing in buyout, middle market, mature, turnaround, industry consolidation, recapitalization, and growth capital investments. It prefers to invest in energy and power industry with a focus on oil and gas exploration and production, oilfield services, midstream pipeline, electric generation, materials, energy and power services, and renewable and alternative energy. The firm invests in specific sectors that are under-exploited and highly fragmented, companies involved in the search, drilling, completion, management, and re-completion of crude oil and natural gas wells, manufacturers of equipment such as pipes, pumps and other specialty t...
712 Fifth Avenue
New York, NY 10019
Founded in 2000
Key Executives for Riverstone Holdings LLC
Co-Founder and Senior Managing Director
Chief Financial Officer and Managing Director
Partner and General Counsel
Compensation as of Fiscal Year 2013.
Riverstone Holdings LLC Key Developments
Riverstone Presents at 2013 World Assembly, Nov-20-2013 11:00 AM
Sep 25 13
Riverstone Presents at 2013 World Assembly, Nov-20-2013 11:00 AM. Venue: Old Billingsgate, Walk 16 Lower Thames Street, London EC3R 6DX, United Kingdom. Speakers: Haroun van Hovell, Managing Director.
Bids For Philadelphia Gas Works Attracted Many Investors
Sep 19 13
The city has received more than five bids from potential bidders interested in the privatization of Philadelphia Gas Works (PGW). Paul Dabbar, banker at JPMorgan and city's lead broker on the PGW sale, said that he was pleased with the response to a request for qualifications from potential buyers that closed August 30, 2013. The bidding process is expected to be completed by January 2013. Dabbar declined to identify potential bidders and dismissed a report by a British trade publication that identified five bidders, most private equity firms. Infrastructure Journal, quoting unnamed sources, said the city had received responses from Macquarie Group Limited (ASX:MQG), Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR), Global Infrastructure Partners, Xcel Energy Inc. (NYSE:XEL), and a partnership of The Carlyle Group LP (NasdaqGS:CG) and Riverstone Holdings LLC. A statement from Mayor Nutter's office said, "It is extremely encouraging that we received such a tremendous response from so many interested parties that are capable of continuing PGW's safe, reliable operations." Dabbar said that most of the potential buyers had experience buying government-owned assets and were familiar with the challenges of privatization. Dabbar added that all of the companies that submitted qualifications were being invited to bid. The city will select a group of finalists from the initial bids to participate in the final phase of the sale process, including the submission of binding proposals to acquire PGW. The city expects to negotiate final terms with the winning bidder in December 2013 or January 2013. The transaction will require approval from City Council and the Pennsylvania Public Utility Commission, a process that could take up to a year. The city's financial adviser, Lazard Freres, suggested last year the city might net nearly $500 million after paying off PGW's $1.2 billion in liabilities.
Riverstone Reportedly Offers To Acquire Thunder Creek's Assets
Jul 31 13
Riverstone Holdings, LLC has made an offer to acquire assets of Thunder Creek Gas Services, LLC from Devon Energy Corporation (NYSE:DVN) and PVR Partners, L.P. (NYSE:PVR) for $145 million, said a person familiar with the matter. Devon owns 75% of Thunder Creek Gas, with the remainder held by PVR Partners, which has a right of first refusal on the transaction, and can bid on the assets itself, said the person. Riverstone didn't respond to a request for comment.
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