The Carlyle Group's energy joint venture, Riverstone Holdings, must feel a bit manic-depressive. Not long ago, they lost their investment in SemGroup to debt holders in a Chapter 11 bankruptcy. But the tough bounce back. LBO Wire stated:
"Riverstone Holdings LLC and Carlyle Group, which together manage the Riverstone/Carlyle Global Energy and Power Funds, have struck a deal to buy midstream energy company Gibson Energy Holdings Inc. from Hunting PLC for $1.1 billion."
Let's hope they don't lose billions hedging that midstream product with their new company.
"Riverstone Holdings LLC and Carlyle Group, which together manage the Riverstone/Carlyle Global Energy and Power Funds, have struck a deal to buy midstream energy company Gibson Energy Holdings Inc. from Hunting PLC for $1.1 billion."
Let's hope they don't lose billions hedging that midstream product with their new company.
