Saturday, January 23, 2010

The Carlyle Group: Officially a Leviathan

Riverstone Holdings completed its acquisition of Seajacks International. Energy oriented Riverstone has The Carlyle Group as joint venture partner. CleanTech reported:

Seajacks International owns two self-propelled jack up vessels, the Seajacks Kraken and Seajacks Leviathan. These vessels are currently being operated out of Great Yarmouth in the UK.

Where there's money to be made, Leviathan Carlyle can be found. The monstrous private equity underwriter (PEU) cares about profits for its over 900 affiliates.

Returns can come from European governments needing to meet offshore wind energy targets. Carlyle knows how to milk taxpayer coffers. Someone slay the beast. At least, level the playing field.