Investment Summary

Scorpion Capital Partners and The Blackstone Group Invest In Cheniere Energy

On August 1, 2008, Scorpion Capital Partners and private equity firm The Blackstone Group invested in energy services and equipment company Cheniere Energy for 250M USD

Investment Highlights
  • This is Scorpion Capital Partners’ 1st and The Blackstone Group’s 4th transaction in the Energy Services and Equipment sector.
  • This is Scorpion Capital Partners’ and The Blackstone Group’s 139th largest (disclosed) transaction.
  • This is Scorpion Capital Partners’ 11th and The Blackstone Group’s 91st transaction in the United States.
  • This is Scorpion Capital Partners’ 2nd and The Blackstone Group’s 13th transaction in Texas.
Investment Fate
  • Cheniere Energy went public in 2013.
  • Cheniere Energy was sold to a financial buyer in 2015.

Investment Summary

Date 2008-08-01
Target Cheniere Energy
Sector Energy Services and Equipment
Investor(s) Scorpion Capital Partners
The Blackstone Group
Deal Type Venture
Deal Value 250M USD

Target

Cheniere Energy

Houston, Texas, United States
website
Cheniere Energy is an energy company that primarily engages in the development, construction, ownership, and operation of onshore liquefied natural gas (LNG) receiving terminals and natural gas pipelines along the Gulf Coast of the United States. Cheniere Energy was founded in 1983 and is based in Houston, Texas.

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Investor(S) 2

Investor

Scorpion Capital Partners

New York, New York, United States

website


Category Private Equity Firm
Founded 1995
PE ASSETS 120M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Scorpion Capital Partners LP is a private equity firm that partners with management to invest in smaller middle-market companies. Scorpion looks to make equity or equity like investments of $5 to $10 million in businesses with $10 to $100 million of revenue and EBITDA of $4 to $25 million. The Firm will consider both control and minority investment to support growth capital needs, recapitlizations, divestitures, take privates, and family successions. Scorpion has no industry focus, however the Firm will not invest in real estate, gaming, tobacco, biotechnology, software development, as well as start-up and early stage ventures. Scorpion Capital Partners was originally established in 1995 and is based in New York City.


DEAL STATS #
Overall 11 of 12
Sector (Energy Services and Equipment) 1 of 1
Type (Venture) 5 of 5
State (Texas) 2 of 2
Country (United States) 11 of 12
Year (2008) 4 of 4
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-06-30 Neterion

Cupertino,, California, United States

Neterion is a 10 Gigabit Ethernet adapters that provide high speed solutions for customers' server and storage systems. It delivers the industry's highest performing line of 10 GbE adapters, allowing IT managers to virtualize many more applications per physical server including the most I/O-intensive ones drastically decreasing costs when deploying virtualized servers.

Buy $18M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-05-07 Champion Broadband

Castle Rock, Colorado, United States

Champion Broadband is a provider of advanced video, high-speed internet access, and digital telephony services. The Company's services are supported by one of the most advanced networks in the cable and broadband industry. Champion Broadband was founded in 2003 and is based in Castle Rock, Colorado.

Buy -
Investor

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York City.


DEAL STATS #
Overall 129 of 319
Sector (Energy Services and Equipment) 4 of 9
Type (Venture) 4 of 6
State (Texas) 13 of 32
Country (United States) 91 of 201
Year (2008) 10 of 14
Size (of disclosed) 139 of 167
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-31 Optiv

Denver, Colorado, United States

Optiv is a provider of end-to-end cybersecurity solutions. The company help clients plan, build and run successful cybersecurity programs that achieve business objectives through depth and breadth of cybersecurity offerings, extensive capabilities and proven expertise in cybersecurity strategy, managed security services, incident response, risk and compliance, security consulting, training, and support, integration, and architecture services, and security technology. Optiv was founded in 2002 and is based in Denver, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-21 Osum Oil Sands

Calgary, Alberta, Canada

Osum Oil Sands Corp is a privately-held company focused on bitumen extraction. Osum is positioned in the thermal trend of the Cold Lake oil sands region of Canada, where a substantial majority of the country’s current “in situ” bitumen is produced. Osum Oil Sands was founded in 2006 and is based in Calgary, Alberta.

Buy CA$275M