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 …
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