We are a newly organized blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to as our "initial business combination". We are an investment vehicle of Carlyle International Energy Partners L.P. (“CIEP”).
The Carlyle Group ("Carlyle") operates one of the largest and most diversified Energy and Natural Resource alternative investment platforms in the world, with more than $20 billion in assets under management (“AUM”) and 94 active portfolio companies focused across five distinct investment disciplines: International Energy (CIEP), North American Energy, North American Power, Global Infrastructure and Energy Mezzanine (collectively the “Carlyle Energy Platform”).
CIEP is Carlyle’s primary vehicle for international energy investing. The CIEP investment team includes 14 investment professionals who collectively bring more than 190 years of experience investing and operating energy businesses across CIEP’s targeted markets. CIEP currently holds or is committed to acquire a diversified portfolio of upstream, midstream and downstream assets spread across Europe, Latin America, Asia and Africa. The CIEP investment team led by Marcel Q. H. van Poecke (the “CIEP International Energy Investment Team”) is actively investing CIEP, a $2.5 billion fund. The CIEP International Energy Investment Team is primarily based in London.
We are led by Mr. van Poecke, Chairman of our Board of Directors, and Brooke B. Coburn, our President. Mr. van Poecke is both the Head of the CIEP International Energy Investment Team and the Chairman of our Board of Directors. Mr. van Poecke has more than 25 years of experience in the Energy sector, primarily as an entrepreneur, investor and executive manager. He is also the Chairman of AtlasInvest group, a private holding and investment group. Mr. Coburn joined The Carlyle Group in 1996 and is currently a Managing Director, Chief Operating Officer of Carlyle’s Energy and Natural Resources Platform and Co-Head of Carlyle Growth Partners and Carlyle Equity Opportunities, the US Middle Market Buyout and Growth Capital activities of The Carlyle Group. He is also a member of the CIEP Investment Committee.
In addition to the deep experience and capabilities of the CIEP International Energy Investment Team, CIEP also benefits from close coordination with the four other global energy investing disciplines that collectively constitute the Carlyle Energy Platform. A central objective of the Carlyle Energy Platform is to actively leverage deal flow, market intelligence, operating expertise, and other industry insights and capabilities across the different markets where Carlyle operates. Given the interconnected nature of global energy markets, where developments in one country or region can heavily impact commodity supply, demand and pricing in distant regions, Carlyle believes the scale and diversification of Carlyle’s integrated global platform provides it with valuable insights to inform its investing activities and create competitive advantages.
In addition to the Carlyle Energy Platform, CIEP also benefits from access to broader capabilities inherent in the Carlyle global investment platform (which we refer to as the “One Carlyle” capabilities) including:
- Global market capabilities resulting from 31 offices across six continents, led by local investment professionals with deep familiarity of local markets and language skills;
- Industry insights from more than 625 investment professionals with deep sector expertise;
- Portfolio company operational improvement capabilities deriving from more than 20 seasoned operating executives with experience helping Carlyle to accelerate growth and profitability. Additionally, Carlyle portfolio companies have the ability to access the firm’s Leveraged Purchasing Forum, which leverages the firm’s scale and scope to drive best practices and procurement discounts across various functional areas; and
- Carlyle is one of the largest private equity issuers of deal related debt globally, with an average of $30 billion in loan and bond issuance annually. The Carlyle Global Capital Markets team enables the direct management of the syndication and placement of Carlyle’s paper, helping us achieve best in class terms and market execution.
We believe the deep expertise of the CIEP International Energy Investment Team, combined with additional leverage from the Carlyle Energy Platform and the firm’s broader One Carlyle capabilities afford our management team distinct advantages in identifying an appropriate target company and driving future value creation.
We intend to generate superior capital appreciation through a focus on international energy opportunities where a hands-on operationally focused “transformational” investment thesis can be pursued. Specifically, we will seek to invest in fundamentally sound businesses that are underperforming their potential and could significantly benefit from our knowledge and operational experience in the international energy arena. We believe the CIEP International Energy Investment Team has the capability to deliver enhanced risk-adjusted returns for our shareholders through a variety of means, including but not limited to utilization of technical expertise, superior evaluation of project returns and better cost controls. Furthermore, we will evaluate opportunities to identify investments where we believe we can effect an outsized positive transformation or augmentation of existing business or properties to maximize their overall value proposition to our shareholders.
We will seek to capitalize on the experience and expertise of the Investment Committee of CIEP, which includes William E. Conway, Jr., Co-Founder and Co-Executive Chairman and Co-Chief Investment Officer of The Carlyle Group, Daniel A. D’Aniello, Co-Founder & Chairman Emeritus of The Carlyle Group, Glenn Youngkin, Co-Chief Executive Officer of The Carlyle Group, Andrew Marino, Managing Director, and Brooke B. Coburn, Managing Director, Chief Operating Officer of The Carlyle Group’s Energy and Natural Resources platform, and Co-Head of Carlyle Growth Partners and Carlyle Equity Opportunities, all of whom have extensive experience making energy investments together at The Carlyle Group over the past 10 years. Kenneth Hersh, Co-Founder and Former Chief Executive Officer of NGP Energy Capital Management, an international energy investor with a strong track record of successful energy investments, is also a member of the Investment Committee and brings over 25 years of experience to CIEP.
Marcel Q. H. van Poecke is the Chairman of our Board of Directors. Mr. van Poecke has more than 25 years of experience in the Energy sector, primarily as an entrepreneur, investor and executive manager. He is the Chairman of AtlasInvest group, a private holding and investment group and he served in that capacity since he founded it in 2007. AtlasInvest is engaged in investments across the broad energy spectrum. Since 2013, Mr. van Poecke has been the Head of the CIEP International Energy Investment Team. CIEP focuses on the energy sector outside North America with a particular focus on oil and gas: upstream, midstream, downstream and oil field. Since 2009, Mr. van Poecke has been the Chairman of the non-executive Board of Oranje-Nassau Energie (ONE), an AtlasInvest portfolio company with oil and gas assets in the North Sea and West Africa, with a long track-record of running a diversified upstream portfolio. Furthermore, Mr. van Poecke is Director or non-executive Director of the following CIEP portfolio companies: Assala Energy (since 2016), BSOG Activity Holding SRL (since 2016), Discover Exploration (since 2012), HES International B.V. (since 2014), Mazarine Energy B.V. (since 2016), Neptune Energy Group Limited (since 2016) and Varo Energy B.V. (since 2013). Prior to the forming of AtlasInvest, he founded Petroplus from a management buyout in 1993 and successfully led its growth into the largest independent oil refiner in Europe through several major acquisitions and divestments as Chief Executive Officer. Petroplus was taken private in 2005 in a transaction led by Carlyle/Riverstone and management. In 2006, Mr. van Poecke exited Petroplus following the company’s successful IPO on the Zurich stock exchange. Mr. van Poecke has a degree in Agricultural Business Administration from the University of Wageningen and a Masters in Business Administration from the William E. Simon School of Management of the University of Rochester.
We believe Mr. van Poecke’s deep energy industry background, coupled with broad operational and transaction experience, make him well qualified to serve as a director.
Robert Maguire is a member of our Board of Directors. Mr. Maguire has been a Managing Director for CIEP since February 2014 focusing on further developing and growing Carlyle’s international energy platform. From May 2009 to February 2014, Mr. Maguire was a Partner at Perella Weinberg Partners, but prior to that worked as an investment banker for over 21 years at Morgan Stanley and was involved in many of the largest transactions within the energy sector. He holds an AB from Princeton University (1977), an MA from Oxford University (1980) and a JD from the University of Virginia School of Law (1983).
Mr. Maguire is also a Director or non-executive of the following CIEP portfolio companies: Assala Energy (since 2016), BSOG Activity Holding SRL (since 2016), (Neptune Energy Group Limited (since 2016) and Mazarine Energy B.V. (since 2016).
We believe Mr. Maguire’s extensive investment management and transactional experience make him well qualified to serve as a director.
Peter L. O’Brien is a member of our Board of Directors. Mr. O’Brien invests in energy and financial services sector start-ups, with a focus on Russian companies, and also serves as a consultant for energy companies. Mr. O’Brien is a member of the board of directors of several publicly traded companies. Since 2012, Mr. O’Brien has been a director and Chairman of the Audit Committee of PAO TMK. Mr. O’Brien has also been the Chairman of the Board of Directors of Transfin-M since 2013. Since 2015, Mr. O’Brien has served as a director and Chairman of the Audit Committee of Transcontainer (USA), Inc. and as a director and Chairman of the Audit Committee of T Plus Group. In 2017, Mr. O’Brien became a member of the Board of Directors of Sberbank CIB USA. From 2006 to 2011, Mr. O’Brien served as Chief Financial Officer of Rosneft, an integrated oil company in Russia, during which time, Rosneft completed an initial public offering. From 2002 to 2006, Mr. O’Brien was the head of Morgan Stanley’s Investment Banking practice in Moscow, with a focus on the oil & gas sector. Mr. O’Brien has a degree in Russian Studies from Duke University and a Masters in Business Administration from Columbia Business School, and graduated from the Advanced Management Program at Harvard Business School.
We believe Mr. O’Brien’s broad experience in the international energy industry make him well qualified to serve as a director.
Jacob Shields Ulrich is a member of our Board of Directors. Since July 2016, Mr. Ulrich has been the Chairman of Board of Directors of Sterling Resources Ltd., an exploration and production company with assets in the UK, North Sea, Romania, Netherlands and France. From 2013 to 2016, Mr. Ulrich served as Chief Executive Officer of Sterling Resources Ltd. Prior to joining Sterling, Mr. Ulrich advised various natural resources companies and served on the board of Mediterranean Oil & Gas, Astrakhan Oil Co., Mitra and Vostok. From 2008 to 2011, Mr. Ulrich was a Senior Energy Advisor in Och-Ziff Capital Management Group in London, where he was responsible for developing Och-Ziff’s portfolio of upstream, renewable and infrastructure investments in the EU, Africa and Middle East. Mr. Ulrich has a degree in Engineering from the University of Maryland and a Masters in Business Administration from the University of Chicago.
We believe Mr. Ulrich’s breadth and depth of experienced in varied energy industry sectors make him well qualified to serve as a director.
Brooke B. Coburn has served as President since our inception. Mr. Coburn joined The Carlyle Group in 1996 and is currently a Managing Director, Chief Operating Officer of Carlyle’s Energy and Natural Resources Platform, a position he has held since 2016, and, since 2006, has served as Co-Head of Carlyle Growth Partners and Carlyle Equity Opportunity Fund, the US Middle Market Buyout and Growth Capital activities of The Carlyle Group. He is a founding member of Carlyle’s US Middle Market and Growth practice. Mr. Coburn serves on the investment committees of Carlyle’s three global Middle Market and Growth Capital investment funds, as well as the firm’s four global Energy & Natural Resource funds, including CIEP. Since he joined Carlyle in 1996, Mr. Coburn has led or co-led more than 25 Carlyle investments across a broad range of sectors including cybersecurity, communications, energy and natural resources, media, software and technology-enabled services. Investments include Apollo Global (acquired by Apollo Group), Bredbandsbolaget (acquired by Telenor), Catapult Learning, Coalfire Systems, Command Information (acquired by Salient Federal), Core Location (acquired by El Paso Global Networks), ECI Software (acquired by Apax Partners), Gemcom Software (acquired by Dassault Systemes), Genesis Cable (acquired by Benchmark Communications), Matrics Technologies (acquired by Symbol Technologies), Neptune Communications (acquired by Global Crossing), NetMotion Wireless, NorthPoint Communications (IPO), Pacific Telecom Cable (acquired by management), Prime Communications (acquired by Comcast), PrimeSport, Sonitrol Holding Corp. (acquired by Stanley Works), WCI Cable (acquired by Alaska Communications), Wall Street English (acquired by Pearson plc), Wall Street Institute (acquired by Pearson plc) and Worldstrides (acquired by Metalmark and management). Prior to joining Carlyle, Mr. Coburn was with Salomon Brothers, Inc. where he focused on M&A and capital raising assignments in the Media & Communications Group. Mr. Coburn received his B.A. from Princeton University with honors. Mr. Coburn serves on the boards of several non-profit organizations, including the Washington National Cathedral, where he also serves as Chairman of the Investment Committee.
Kevin R. Gasque has served as Chief Financial Officer, Secretary and Treasurer since our inception. Since January 2016, Mr. Gasque has been a Principal and Energy and Natural Resources Fund CFO with Carlyle. From July 2011 to December 2015, Mr. Gasque was a vice president at Carlyle. Mr. Gasque is responsible for the operations of Carlyle’s Energy and Natural Resources funds, including funds investing globally in energy, power generation and infrastructure. He oversees transaction structuring and execution, fund formation, financial reporting and investor relations for these funds. Since 2016, Mr. Gasque has been a member of the Board of Directors of Cogentrix Power Holdings LLC. Prior to joining Carlyle in July 2011, Mr. Gasque was a Senior Manager in the Financial Analysis and Compliance Team at American Capital focusing on portfolio company valuations and transaction due diligence. Prior to that, Mr. Gasque was the Vice President of Finance for the Washington Redskins. Mr. Gasque received his B.B.A. in accounting from James Madison University and was a CPA in the state of Virginia from 2005 to 2008.
Securities and Exchange Commission Filings
Click on link below to connect to Edgar Online at the Regalwood Global Energy page for a comprehensive list of our SEC flings and access to downloads:
Corporate Governance And Required Disclosures
Regalwood Global Energy - Audit Committee Charter (pdf) DOWNLOAD
Regalwood Global Energy - Nominating Committee Charter (pdf) DOWNLOAD
Regalwood Global Energy - Compensation Committee (pdf) DOWNLOAD
Regalwood Global Energy - Code of Ethics (pdf) DOWNLOAD
Regalwood Global Energy - Corporate Governance Guidelines (pdf) DOWNLOAD