July 11, 2014 3:13 AM ET

Capital Markets

Company Overview of Riverstone Holdings LLC

Company Overview

Riverstone Holdings LLC is a private equity firm specializing in buyout, middle market, build-ups, industry consolidation, emerging growth, recapitalization, buyouts of non-core ‘‘orphan’’ assets from larger corporations, growth capital, distressed investment opportunities, going-private transactions, public market opportunities and restructuring investments. It prefers to invest in energy and power industry with a focus on oil and gas exploration and production, oilfield services, midstream pipeline, offshore transportation, electric generation, energy services, power and coal, and renewable and alternative energy. The firm invests in specific sectors that are under-exploited and highly fra...

712 Fifth Avenue

36th Floor

New York, NY 10019

United States

Founded in 2000





Key Executives for Riverstone Holdings LLC

Age: 62
Age: 51
Chief Financial Officer and Managing Director
Age: 44
Partner and General Counsel
Age: 44
Age: 63
Compensation as of Fiscal Year 2014.

Riverstone Holdings LLC Key Developments

PPL Corporation, Riverstone Holdings LLC - M&A Call

To discuss definitive agreement to combine the company's and Riverstone Holdings LLC's merchant power generation businesses into a new stand-alone, publicly traded Independent Power Producer

PPL Mulls Acquisitions

PPL Corporation (NYSE:PPL), which is planning to divest its unit and merge it with Riverstone Holdings LLC’s assets to create a new form known as Talen Energy Corporation, may look for acquisitions. Executive Vice President and Chief Financial Officer, Paul Farr said, “I'd say on a levelized or normalized basis, yes, we could use the balance sheet for acquisitions, but then the EBITDA, once the assets are acquired comes into the portfolio and gets added and you levelize yourself back. So the cash flow generation capability of this portfolio is quite significant as well; in fact, the Riverstone pieces of it are more generative when you look at it as a percentage of EBITDA than the PPL piece given that we've got Susquehanna in our side. So there is a significant amount of ongoing cash flow generated as well that's capable of assisting from a growth standpoint.”

Sources Say Dynegy Eyeing Duke’s Assets

Dynegy Inc. (NYSE:DYN) is planning to buy Duke Energy Corporation’s (NYSE:DUK) Assets. According to people close to the matter, Dynegy is bidding on a Duke portfolio of 11 power plants in the Midwest. People also stated that Dynegy is competing against several private-equity firms that have submitted first-round bids for the gas-and coal-fueled plants in Ohio, Illinois and Pennsylvania. The other contenders include The Blackstone Group, Private Equity Group and Riverstone Holdings LLC.

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