Buyout (LBO, MBO, MBI) • Oil/Gas Exploration

The Carlyle Group and Riverstone Holdings Acquire Red Technology Alliance

On July 1, 2006, private equity firms The Carlyle Group and Riverstone Holdings acquired oil/gas exploration company Red Technology Alliance

Acquisition Context
  • This is The Carlyle Group’s 8th and Riverstone Holdings’ 9th transaction in the Oil/Gas Exploration sector.
  • This is The Carlyle Group’s 141st and Riverstone Holdings’ 24th transaction in the United States.
  • This is The Carlyle Group’s 25th and Riverstone Holdings’ 15th transaction in Texas.

Explore All 526 Buyout (LBO, MBO, MBI) Oil/Gas Exploration Deals - Search the Database Free


M&A Deal Summary

Date July 1, 2006
Target Red Technology Alliance
Sector Oil/Gas Exploration
Buyer(s) The Carlyle Group
Riverstone Holdings
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Red Technology Alliance

Houston, Texas, United States
Red Technology Alliance, LLC is a partnership with Halliburton that invests in upstream oil and gas development projects that benefit from the products, services and technologies of Halliburton. RTA has an initial focus on the Rocky Mountain region and U.S. waters of the Gulf of Mexico.
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Buyers Overview 2

Buyer

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1987
PE ASSETS 435.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.
Carlyle's corporate headquarters on Pennsylvania Ave. in Washington, DC.

The Carlyle Group is a global investment firm that pursues private equity, credit, and real estate investments worldwide. Carlyle's private equity practice practice pursues buyouts, strategic minority equity investments, equity private placements, consolidations and buildups, and growth capital financings. With offices in 19 countries, Carlyle can easily target opportunities throughout North America, Europe, Asia, Australia, the Middle East/North Africa and Latin America. Broad sectors of interest include aerospace, defense, automotive and transportation, consumer, retail, energy and power, financial services, healthcare, industrial, infrastructure, technology services, business services, telecommunications and media. The Carlyle Group was formed in 1987 and is based in Washington DC.


Deal Context for Buyer #
Overall 238 of 750
Sector: Oil/Gas Exploration 8 of 17
Type: Buyout (LBO, MBO, MBI) 100 of 221
State: Texas 25 of 51
Country: United States 141 of 350
Year: 2006 29 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-01 LBI International

Amsterdam, Netherlands

LBI International is an international internet marketing agency, providing a full range of online services including search engine optimization, keyword advertising, and online media planning. LBI International is based in Amsterdam, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-12 Specialty Manufacturing

Pineville, North Carolina, United States

Specialty Manufacturing is a provider of of safety components, lighting systems and accessories to the school and transit bus markets. Specialty Manufacturing is based in Pineville, North Carolina.

Buy -
Buyer

Riverstone Holdings

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 40.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Riverstone Holdings is a large specialist asset management and private equity firm focused on opportunities in the energy and power industry. Specific areas of interest include oil & gas exploration, midstream transportation/logistics, electric generation, energy & power service, power infrastructure, and energy & power technology. Riverstone Holdings was formed in 2000 and is based in New York, New York.


Deal Context for Buyer #
Overall 29 of 106
Sector: Oil/Gas Exploration 9 of 42
Type: Buyout (LBO, MBO, MBI) 15 of 52
State: Texas 15 of 47
Country: United States 24 of 78
Year: 2006 10 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-01 Collingwood Ethanol

Collingwood, Ontario, Canada

Collingwood Ethanol was established with the objective of acquiring an existing corn wet milling starch production facility in Ontario, Canada and retrofitting it into an ethanol production facility. Collingwood Ethanol is based in Collingwood, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-07-25 Green Earth Fuels

Galena Park, Texas, United States

Green Earth Fuels was established to build biodiesel facilities and produce high-grade biodiesel. Two identical facilities, each producing 43 million gallons of biodiesel per year, will initially be built in Houston and New Orleans. Green Earth Fuels is based in Galena Park, Texas.

Buy -