Investment Summary

Exits SemGroup

On July 19, 2007, invested in energy services and equipment company SemGroup from The Carlyle Group and Riverstone Holdings

Investment Highlights
  • This is transaction in the Energy Services and Equipment sector.
  • This is transaction in the United States.
  • This is transaction in Oklahoma.
Investment Fate
  • SemGroup was sold to a strategic buyer in 2019 for 5.1B USD.

Investment Summary
Date 2007-07-19
Target SemGroup
Sector Energy Services and Equipment
Sellers(s) The Carlyle Group
Riverstone Holdings
Deal Type IPO

Target

SemGroup

Tulsa, Oklahoma, United States
website
SemGroup Corp. moves energy across North America through a network of pipelines, processing plants, refinery-connected storage facilities and deep-water marine terminals with import and export capabilities. SemGroup serves as a versatile connection between upstream oil and gas producers and downstream refiners and end-users. Key areas of operation and growth include western Canada, the Mid-Continent and the Gulf Coast. SemGroup is committed to safe, environmentally sound operations. Headquartered in Tulsa, Okla., the company has additional offices in Calgary, Alberta; Denver, Colo.; and Houston, Texas. SemGroup uses its Investor Relations website and social media outlets as channels of distribution of material company information. SemGroup Corporation was founded in 2000 and is headquartered in Tulsa, Oklahoma.

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Seller(S) 2

SELLER

The Carlyle Group

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1987
PE ASSETS 84.0B 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 STATS #
Overall 98 of 433
Sector (Energy Services and Equipment) 3 of 14
Type (IPO) 16 of 65
State (Oklahoma) 2 of 2
Country (United States) 66 of 247
Year (2007) 12 of 24
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-11 Ta Chong Bank

Taipei, Taiwan

Ta Chong Bank Ltd. is a mid-sized commercial bank in Taiwan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-07-20 MedPointe Pharmaceuticals

Somerset, New Jersey, United States

MedPointe, Inc. develops, manufactures and markets a broad range of branded prescription specialty pharmaceutical products in the U.S.

Sell $800M
SELLER

Riverstone Holdings

New York, New York, United States

Investor Investor Investor Investor Investor

website

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

Riverstone Holdings is a large specialist 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 was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 5 of 55
Sector (Energy Services and Equipment) 3 of 18
Type (IPO) 3 of 14
State (Oklahoma) 2 of 2
Country (United States) 5 of 41
Year (2007) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-05-01 Kinder Morgan Energy Partners

Houston, Texas, United States

Kinder Morgan Energy Partners LP is an energy transportation, storage and distribution companies in North America. The Company owns an interest in or operates approximately 41,000 miles of pipelines that primarily transport natural gas, crude oil, petroleum products and CO2, and more than 155 terminals which store, transfer and handle products like gasoline and coal. Kinder Morgan Energy Partners LP was formed in 2002 and is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-01 TAS Energy

Houston, Texas, United States

TAS Energy, Inc. is a manufacturer of packaged cooling and energy systems for multiple end-markets, including Power Generation, Commercial & Industrial Cooling, Advanced Heat Recovery (including Geothermal), and Data Centers.

Buy -
Mergr

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