Aberdeen, Scotland, and New York, New York (October 23, 2014) – Riverstone Holdings LLC, a leading energy and power-focused private equity firm, and Proserv Group Inc, based in Aberdeen, Scotland, announced today the signing of a definitive agreement pursuant to which Riverstone Global Energy and Power Fund V, L.P., in partnership with Proserv management, has agreed to acquire 100% of the shares of Proserv from investment funds affiliatedwith Intervale Capital (“Intervale”), Weatherford International (“Weatherford”) and certain minority shareholders. Financial terms of the transaction were not disclosed. The transaction is subject to certain …
Continue Reading...Mexico City, Mexico (September 18, 2014) – Sierra Oil & Gas S. de R.L. de C.V. (“Sierra”), Mexico’s first independent exploration and production (“E&P”) company, today announces that it has secured equity commitments of US$525 million. Sierra, headquartered in Mexico City, is led by Ivan Sandrea, a highly experienced E&P executive with an extensive track record of leadership in energy organizations including Statoil, BP, OPEC and Energy Intelligence. Mr
Sandrea has assembled a team of distinguished professionals from the Mexican and international oil & gas sector, representing over 350 years of experience …
New York, NY (July 10, 2014) – Riverstone Holdings LLC, a leading energy and power-focused private equity firm, announced today that it has hired a highly experienced team of energy-focused leveraged finance professionals who will spearhead the firm’s expansion into credit and capital markets activities. The team is comprised of Christopher Abbate, Jamie Brodsky, and Daniel Flannery.
Mr. Abbate, who joins Riverstone as a Managing Director and will lead the new team, has spent his entire 17-year career financing energy companies, mainly in the leveraged capital markets. Prior to joining Riverstone, Mr. …
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