Investment Summary

Exits Dresser-Rand

On August 4, 2005, invested in energy services and equipment company Dresser-Rand from First Reserve

Investment Highlights
  • This is transaction in the Energy Services and Equipment sector.
  • This is transaction in the United States.
  • This is transaction in Texas.
Investment Fate
  • Dresser-Rand was sold to a strategic buyer in 2015 for 7.8B USD.

Investment Summary

Date 2005-08-04
Target Dresser-Rand
Sector Energy Services and Equipment
Sellers(s) First Reserve
Deal Type IPO

Target

Dresser-Rand

Houston, Texas, United States
Dresser-Rand office in Houston, Texas.
Dresser-Rand office in Houston, Texas.
Dresser-Rand is a supplier of infrastructure equipment, including compressors, turbines and engines, as well as related after-market parts and services, to the global energy industry. Dresser-Rand is based in Houston, Texas.

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Seller(S) 1

SELLER

First Reserve

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1983
PE ASSETS 32.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

First Reserve is a specialist private equity firm focused on investments in energy companies. First Reserve targets equity investments of $50 to $500 million in companies valued from $100 million to $10 billion. Target areas of interest within the energy industry include energy manufacturing and services (drilling service providers and wellhead equipment manufacturers), energy infrastructure, energy reserves, renewable energy and alternative fuels, and energy related insurance and financial products. First Reserve was established in 1983 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 8 of 58
Sector (Energy Services and Equipment) 3 of 19
Type (IPO) 5 of 13
State (Texas) 6 of 20
Country (United States) 6 of 38
Year (2005) 1 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-04-01 Asian Energy Holdings

Beijing, China

A company formed to invest in coal companies in Asia-Pacific generally, and China in particular.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2005-09-26 Caledonia Oil & Gas

London, United Kingdom

Caledonia was a U.K. based natural gas company focused on the acquisition, operation and exploitation of producing natural gas fields and transportation systems located in the Southern Gas Basin of the North Sea.

Sell $846M