Investment Summary

Kelso and Riverstone Holdings Invest In Crescent Point Energy

On March 28, 2008, private equity firms Kelso and Riverstone Holdings invested in oil/gas exploration company Crescent Point Energy

Investment Highlights
  • This is Kelso’s 2nd and Riverstone Holdings’ 14th transaction in the Oil/Gas Exploration sector.
  • This is Kelso’s 4th and Riverstone Holdings’ 4th transaction in Canada.
  • This is Kelso’s 3rd and Riverstone Holdings’ 2nd transaction in Alberta.

Investment Summary

Date 2008-03-28
Target Crescent Point Energy
Sector Oil/Gas Exploration
Investor(s) Kelso
Riverstone Holdings
Deal Type PIPE

Target

Crescent Point Energy

Calgary, Alberta, Canada
Crescent Point Energy Corp. is a oil and gas producer with assets strategically focused in properties comprised of high-quality, long-life, operated light and medium crude oil and natural gas reserves in western Canada.

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Investor(S) 2

Investor

Kelso

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1971
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Kelso & Company is a private equity and investment management firm that seeks control investments in middle-market companies operating primarily throughout the US. Sectors of interest include manufacturing, communications, media, distribution, service, consumer products, retail, healthcare, transportation, logistics, textiles, & apparel, chemicals, and energy. Kelso looks to align 'management's interest with those of investors' when considering opportunities. Kelso & Company was formed in 1971 and is based in New York City.


DEAL STATS #
Overall 30 of 81
Sector: Oil/Gas Exploration M&A 2 of 6
Type: PIPE M&A Deals 2 of 2
State: Alberta M&A 3 of 3
Country: Canada M&A 4 of 6
Year: 2008 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-26 Shelter Bay Energy

Calgary, Alberta, Canada

Shelter Bay Energy is an oil and gas company with production and assets in the Bakken play in southeast Saskatchewan.

Buy $625M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-16 Aquilex

Atlanta, Georgia, United States

Aquilex Corp. is a provider of critical maintenance, repair and industrial cleaning solutions to the energy industry.

Buy -
Investor

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 STATS #
Overall 48 of 106
Sector: Oil/Gas Exploration M&A 14 of 42
Type: PIPE M&A Deals 1 of 1
State: Alberta M&A 2 of 7
Country: Canada M&A 4 of 10
Year: 2008 M&A 6 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-26 Shelter Bay Energy

Calgary, Alberta, Canada

Shelter Bay Energy is an oil and gas company with production and assets in the Bakken play in southeast Saskatchewan.

Buy $625M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-03-31 Davenport Power

Stamford, Connecticut, United States

Davenport Power, LLC is the Operator of the Newberry Geothermal Project. Davenport Power was formed in 1997 as an independent electric power company to own and operate clean power and renewable energy projects. The company specializes in developing early stage geothermal opportunities that sell power to utilities under long-term contracts.

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