Overview

The Carlyle/Riverstone Holdings team provides private equity capital for management buyouts, leveraged build ups, growth capital opportunities and strategic joint ventures in the energy and power industry.

Please visit www.riverstonellc.com for information on the Riverstone Holdings investment professionals.

Carlyle/Riverstone Energy

Launched in 2000 at $222 million, this fund invests in the global energy and power industry.

Investment Industry Acquired Status
Frontier Drilling ASA

Frontier Drilling ASA is an oil field services company focused on consolidating the niche market of conventionally moored drillships. The company also participates in the deepwater drilling and production market.

Energy & Power Exited
InTank, Inc.

During the period of Carlyle's ownership, InTank, Inc.was a provider of in-service above ground storage-tank ("AST") inspections and cleanings.

Energy & Power Exited
Legend Natural Gas

Legend Natural Gas, LP is a North American natural gas focused acquisition, development and exploitation company.

Energy & Power Exited
Seabulk International, Inc.

Seabulk International, Inc. is a leading provider of marine support and transportation services. Seabulk is principally engaged in three main businesses: offshore energy support, marine transportation and towing.

Energy & Power Exited
Carlyle/Riverstone Energy II

Launched in 2002 at $1.1 billion, this fund invests in the global energy and power industry.

Investment Industry Acquired Status
4Gas Holding B.V.

4Gas Holding B.V. is an independent company dedicated to developing and operating LNG import terminals around the world.

Energy & Power Current
Belden & Blake Corporation

During the period of Carlyle's ownership, Belden & Blake Corporation was an independent oil and gas exploration and production company with principal operations in the Appalachian basin in Ohio, Pennsylvania and New York and in the Antrim Shale in Michigan.

Energy & Power Exited
Buckeye Partners, L.P.

During the period of Carlyle's ownership, Buckeye Partners, L.P. was a publicly traded partnership that primarily transported, stored and distributed refined petroleum products. Carlyle/Riverstone owned the general partner of Buckeye.

Energy & Power Exited
CDM Resource Management Ltd.

During the period of Carlyle's ownership, CDM Resource Management, Ltd. was a natural gas contract compression services company that operated high horsepower units primarily in gas producing regions of south Texas and Louisiana. CDM focused on delivering a complete customer solution to optimize gas production at the field level and reduce field costs.

Energy & Power Exited
Cobalt International Energy, L.P.

Cobalt International Energy, L.P. is an oil and gas exploration and development company focused on pursuing niche opportunities in the Deepwater Gulf of Mexico and offshore international areas. Cobalt's strategy is to utilize its regional expertise along with advanced technology to identify and develop meaningful reserve targets in select offshore ventures.

Energy & Power Current
Kramer Junction

During the period of Carlyle/Riverstone's ownership, Kramer Junction was comprised of five 30-megawatt solar-thermal projects that produce renewable energy under long-term contracts with Southern California Edison. The projects were managed and co-owned by FPL, the industry's leading renewable operator.

Energy & Power Exited
Legend Natural Gas

Legend Natural Gas, LP is a North American natural gas focused acquisition, development and exploitation company.

Energy & Power Exited
Magellan Midstream Partners, L.P.

During the period of Carlyle's ownership, Magellan Midstream Partners, L.P. (formerly Williams Energy Partners L.P.) was a publicly traded partnership formed to own, operate and acquire a diversified portfolio of energy assets. The partnership primarily transported, stored and distributed refined petroleum products and ammonia.

Energy & Power Exited
Mariner Energy, Inc.

Mariner Energy, Inc. is an independent oil and gas exploration and production company with principal operations in the Gulf of Mexico and west Texas.

Energy & Power Exited
Petroplus Holdings AG

Petroplus Holdings AG is one of Europe's leading independent refiners and wholesalers of petroleum products.

Energy & Power Exited
SemGroup, L.P.

During the period of Carlyle's ownership, SemGroup, L.P. gathered, transported, stored and marketed crude oil, refined products, natural gas liquids and natural gas in the U.S. and Canada. SemGroup also owned and operated strategic pipelines, storage terminals and other midstream assets.

Energy & Power Exited
Stallion Oilfield Services

Stallion Oilfield Services provides drill site products and services including accommodation units, surface equipment, and solids control services for oil and natural gas exploration companies in the Gulf Coast, South Texas, ArkLaTex, Fort Worth Basin, Permian Basin, and Rocky Mountain regions.

Energy & Power Current
Topaz Power Group, LLC

Topaz Power Group, LLC is a 3,350 megawatt generation portfolio located in the South Texas market and operated under a management agreement with 50% equity partner, Sempra.

Energy & Power Exited
Carlyle/Riverstone Energy III

Launched in 2005 at $3.8 billion, this fund invests in the global energy and power industry.

Investment Industry Acquired Status
CDM MAX, LLC

CDM MAX, LLC is a Texas-based resource management company with gas processing facilities located in southern Louisiana. CDM MAX's service is providing natural gas producers with the optimal combination of residue revenue and NGL revenue for their gas, each day, by adjusting NGL recoveries up or down, to capture positive NGL margins and avoid losses during negative margin periods.

Energy & Power Current
Cobalt International Energy, L.P.

Cobalt International Energy, L.P. is an oil and gas exploration and development company focused on pursuing niche opportunities in the Deepwater Gulf of Mexico and offshore international areas. Cobalt's strategy is to utilize its regional expertise along with advanced technology to identify and develop meaningful reserve targets in select offshore ventures.

Energy & Power Current
Dresser, Inc.

Dresser, Inc. is a worldwide industry leader in providing highly engineered products for the global energy infrastructure. Dresser's broad portfolio of products includes valves, actuators, meters, switches, regulators, piping products, natural gas-fueled engines, retail fuel dispensers and associated retail point of sale systems, and air and gas handling equipment.

Energy & Power Exited
Dynamic Industries, Inc.

Exploration and development of mature producing properties in the GOM shelf.

Energy & Power Current
Foresight Energy LP

Foresight Energy LP develops and operates coal mines and related infrastructure. Through its subsidiaries, Foresight owns or controls more than three billion tons of coal reserves in the Illinois and Northern Appalachian coal basins. Foresight is majority-owned and led by Christopher Cline. The company also has a strategic relationship with Natural Resource Partners, L.P. (NYSE:NRP). NRP is a master limited partnership in which Foresight owns both limited partner and general partner interests.

Energy & Power Current
HongHua Group Holding

HongHua Group Holding is one of the largest land rig manufacturers in the world, specializing in the research, design and production of onshore rigs ranging from 2,000m - 7,000m of drilling depth. In addition to manufacturing drilling rigs and rig parts / components (e.g., mud pumps, masts, substructures, drawworks, drive systems and solids control systems), the company offers drilling-related training and after-sales support services to its customers.

Energy & Power Exited
International Logging, Inc.

During the period of Carlyle's ownership, International Logging, Inc. provided well-site geological logging services for the exploration and development of oil and gas wells.

Energy & Power Exited
Kinder Morgan, Inc.

Kinder Morgan, Inc. is one of the largest energy transportation, storage and distribution companies in North America, with approximately 37,000 miles of pipelines and more than 165 terminals. KMI's assets include the general partner interests of Kinder Morgan Energy Partners, L.P. (NYSE: KMP).

Energy & Power Exited
Niska Gas Storage

Niska Gas Storage is the largest independent natural gas storage company in North America. Niska operates 173 Bcf of working gas capacity at facilities located in key gas producing and consuming regions in the U.S. and Canada.

Energy & Power Current
Phoenix Exploration Company LP

Phoenix Exploration Company LP is an oil and gas focused exploration and acquisition/exploitation company with a focus in the shallow water Gulf of Mexico and Gulf Coast.

Energy & Power Current
Red Technology Alliance, LLC

During the period of Carlyle's ownership, Red Technology Alliance, LLC was a partnership with Halliburton that invested in upstream oil and gas development projects that benefited from the products, services and technologies of Halliburton. RTA had an initial focus on the Rocky Mountain region and U.S. waters of the Gulf of Mexico.

Energy & Power Exited
Targe Energy LLC

Targe Energy LLC is an energy company that operates surface coal mines, reclaims coarse waste coal and coal fines, performs contract drilling services and acquires its own natural gas reserves.

Energy & Power Current
Titan Specialties, Ltd.

Titan Specialties, Ltd. designs, manufactures and distributes perforating gun systems, shaped charges used in the perforating process, as well as instruments used for electronic well logging. Titan has a network of 21 owned and independent distribution centers throughout the U.S. and Canada, and its products are used throughout North America and globally by the oilfield services industry. Titan has over 295 employees and consists of three operating divisions located in two manufacturing facilities in Pampa, Texas and Milford, Texas.

Energy & Power Current
Trinity River Energy, LLC

Trinity River Energy, LLC (formerly Legend Natural Gas III, L.P.) is a North American natural gas focused acquisition, development and exploitation company comprised of all the key managers from "Legend I" and "Legend II" and deploying the same strategy.

Energy & Power Exited
Vantage Energy, LLC

Vantage Energy, LLC is a natural gas exploration, acquisition and development company with a focus in unconventional resources throughout onshore regions of the United States.

Energy & Power Current
Carlyle/Riverstone Renewable Energy I

Launched in 2005 at $685 million, this fund invests in the renewable energy infrastructure industry.

Investment Industry Acquired Status
Bottle Rock Power, LLC

Bottle Rock Power, LLC's principal asset is a 55-megawatt geothermal power station in the Geysers in Lake County, California.

Energy & Power Current
CNAA

Companhia Nacional de Açúcar e Álcool ("CNAA") is a joint venture with Santa Elisa and Global Foods, formed to build and operate four high-efficiency greenfield sugar and ethanol production facilities with a planned capacity of 20 million tons of crushed cane per year. The facilities will be located in the Center-South Region of Brazil in the states of Minas Gerais and Goias.

Energy & Power Exited
Coastal Carolina Clean Power LLC

Coastal Carolina Clean Power LLC focuses on renewable generation projects, with a special emphasis on converted coal to biomass facilities.

Energy & Power Current
Collingwood Ethanol, L.P.

Collingwood Ethanol, L.P. was established in July 2006 with the objective of acquiring an existing corn wet milling starch production facility in Ontario, Canada and retrofitting it into an ethanol production facility.

Energy & Power Current
Ensus

Ensus was established in March 2007 with the objective of constructing Europe's largest bio-refinery complex, which will produce both bioethanol and high protein animal feed and be located on the Wilton International Site at Teesside in the U.K.

Energy & Power Exited
Green Earth Fuels, LLC

Green Earth Fuels, LLC has been established to build biodiesel facilities and produce high-grade biodiesel.

Energy & Power Current
Riverstone/Carlyle Energy IV

Launched in 2007 at $6.0 billion, this fund invests in the global energy and power industry.

Investment Industry Acquired Status
HES International B.V.

HES International B.V., a holding company, provides logistical services in ports.

Energy & Power Current
Quorum Business Solutions, Inc.

Quorum Business Solutions, Inc. develops, implements,and supports the Quorum Energy Software Suite, a set of integrated business applications designed for companies that produce, gather, transport, process and market oil, natural gas, natural gas liquids, LNG, wind generation and other energy commodities. The inherent integration of the suite allows the products to work together to facilitate straight through processing of the full energy value chain.

Energy & Power Exited
Riverstone/Carlyle Renewable Energy II

Launched in 2007 at $3.4 billion, this fund invests in the renewable energy industry.

Riverstone Holdings was organized in May 2000 to invest in private equity opportunities in the energy and power sector. Partnering with The Carlyle Group, the firms have organized four funds, Carlyle/Riverstone Global Energy and Power Fund I, L.P. in 2001 with $222 million of equity commitments, Carlyle/Riverstone Global Energy and Power Fund II, L.P. in 2002 with $1.1 billion of equity commitments, Carlyle/Riverstone Global Energy and Power Fund III, L.P. in 2005 with $3.8 billion of equity commitments, and Carlyle/Riverstone Renewable Energy Infrastructure Fund I, L.P. in 2005 with $685 million of equity commitments.

The energy team's approach to investing comprise the following principles:
 

  • Current energy and power deal flow healthy, driven by consolidation, financial stress and asset rationalization
  • New growth opportunities spawned by regulatory change and new technologies
  • Specific sectors under-exploited and highly fragmented
  • Attractive valuations despite strong macro/long-term fundamentals
  • Industry insiders with global network of relationships with potential sellers and buyers
  • Longstanding relationships with high-quality management teams
  • Distinctive combination of investment and industry professionals with highly successful track records
  • Partnering approach provides expertise and access to proprietary transactions