Investment Summary

The Carlyle Group and Riverstone Holdings Invest In Targe Energy

On June 12, 2006, private equity firms The Carlyle Group and Riverstone Holdings invested in energy services and equipment company Targe Energy

Investment Highlights
  • This is The Carlyle Group’s 9th and Riverstone Holdings’ 9th transaction in the Energy Services and Equipment sector.
  • This is The Carlyle Group’s 139th and Riverstone Holdings’ 21st transaction in the United States.
  • This is The Carlyle Group’s 4th and Riverstone Holdings’ 2nd transaction in Pennsylvania.

Investment Summary

Date 2006-06-12
Target Targe Energy
Sector Energy Services and Equipment
Investor(s) The Carlyle Group
Riverstone Holdings
Deal Type Stake Purchase

Target

Targe Energy

Pittsburgh, Pennsylvania, United States
Targe Energy is an energy company that operates surface coal mines, reclaims coarse waste coal and coal fines, performs contract drilling services and acquires its own natural gas reserves. Targe Energy is based in Pittsburgh, Pennsylvania.

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Investor(S) 2

Investor

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 STATS #
Overall 233 of 745
Sector (Energy Services and Equipment) 9 of 24
Type (Stake Purchase) 11 of 73
State (Pennsylvania) 4 of 13
Country (United States) 139 of 350
Year (2006) 24 of 51
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-12 The Oriental Trading Company

Omaha, Nebraska, United States

The Oriental Trading Company is a direct marketer of party supplies, novelties, toys and children's arts and crafts, school supplies and value-priced home decor and giftware. The Oriental Trading Company was formed in 1932 and is based in Omaha, Nebraska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-14 Coastal Carolina Clean Power

Kenansville, North Carolina, United States

Coastal Carolina Clean Power focuses on renewable generation projects, with a special emphasis on converted coal to biomass facilities. Coastal Carolina Clean Power is based in Kenansville, North Carolina.

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 24 of 105
Sector (Energy Services and Equipment) 9 of 27
Type (Stake Purchase) 3 of 11
State (Pennsylvania) 2 of 3
Country (United States) 21 of 77
Year (2006) 5 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-07 Bottle Rock Power

Cobb, California, United States

Bottle Rock Power LLC asset is a 55 megawatt geothermal power station. The facility sells 100% of its power to Pacific Gas & Electric under a long-term power purchase agreement. Bottle Rock Power was formed in 1999 and is based in Cobb, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-14 Coastal Carolina Clean Power

Kenansville, North Carolina, United States

Coastal Carolina Clean Power focuses on renewable generation projects, with a special emphasis on converted coal to biomass facilities. Coastal Carolina Clean Power is based in Kenansville, North Carolina.

Buy -