Industries: Energy

KKR Deal Offers Lessons in Risky Lending

KKR Deal Offers Lessons in Risky Lending

  Private equity investments always come with a risk, but some deals, and indeed industries, are far more risky than others. KKR’s last year investment in an energy sector company, Preferred Sands, started out as a win-win deal, but it has now turned sour for the private equity firm.   The Deal   Last year, KKR bought Preferred Sands in [...]

Private Equity Fund To Buy Oil and Gas Assets Worldwide

Private Equity Fund To Buy Oil and Gas Assets ...

A new London-based fund is looking for oil and gas assets to buy. Carlyle Group and CVC Capital Partners back this $5 billion fund. But are there too many risks involved with the troubled industry? A new private equity backed fund is set to buy oil and gas assets around the world. The London-based fun, Neptune Oil and Gas, is [...]

Going Up: M&A Dealflow in Oil & Gas Sector

Going Up: M&A Dealflow in Oil & Gas Sector

Global Oil & Gas targeted M&A volume is up to USD146.4bn in 2015 in the first five months of the year, an 80% year-on-year increase and the highest YTD volume on record, according to dealogic.  The size of the deals is also increasing, indicated by the fact that just 335 deals were closed, compared to 554 deals in the same [...]

EU Teaming Up with a Private Equity Firm to Invest in Sub-Saharan Africa

EU Teaming Up with a Private Equity Firm to Invest ...

According to recent reports, the European Union is about to get more involved with private equity investing. The organisation is teaming up with a private equity firm Aster Capital Partners, with the aim of investing around $60 million in energy companies across sub-Saharan Africa. The AFK Insider reported on the news on Sunday, stating the EU-backed Electricity Fund will be under [...]

Private Equity Firms Preparing for a Fight Over Shell’s Scraps

Private Equity Firms Preparing for a Fight Over ...

Shell’s announcement last week to acquire the British BG Group has inspired private equity firms to compete for the leftover assets. Newspapers reported on Sunday that the acquisition might leave behind $30 billion worth of assets and most big private equity firms are trying to get their hands on these assets.   Shell’s Announcement Shell’s deal to buy BG Group [...]

US-Chinese Cleantech Fund Does Billion Dollar Dutch Deal

US-Chinese Cleantech Fund Does Billion Dollar Dutch ...

News this week that Go Scale Capital, a cleantech fund backed by China’s GSR Ventures and US-based Oak Investment Partners, acquired Philips Lighting (LED components and automotive lighting) for USD 3.3 bn signals a significant new growth investor in the private equity industry, based on the size of the transaction, and it is more evidence of the globalization of the [...]

Private Equity Firm Quantum Teams Up with Linn Energy

Private Equity Firm Quantum Teams Up with Linn ...

The energy-focused private equity firm, Quantum Energy Partners, is teaming up with Linn Energy in search of acquisitions in the oil and gas sector. The firm has agreed to provide $1 billion in equity capital to kick-start the partnership. The deal is another big sign that private equity is committed to the sector despite the sluggish oil prices.   Commenting [...]

Private Equity Firms Scouting North Sea Oil and Gas Assets

Private Equity Firms Scouting North Sea Oil and Gas ...

A number of companies consider the North Sea oil and gas industry to be a risky industry, with many companies trying to get rid off their current assets in the field. But for many private equity firms, North Sea is currently providing attractive investment opportunities. The recent changes in UK’s legislation could even further boost interest in the sector.   [...]

KKR the Latest Private Equity Firm to Suffer from the Oil Slump

KKR the Latest Private Equity Firm to Suffer from ...

Private equity firms are releasing their final quarter results and it seems none of the big firms have been able to escape the slump in oil prices. KKR announced it’s final quarter results on Tuesday, showing over 90% drop in its profits.   KKR’s Performance The newspapers all reported on the private equity firm’s performance during the fourth quarter of [...]

Private Equity Firm Apollo’s Profits Plunge Because of Oil

Private Equity Firm Apollo’s Profits Plunge ...

The drop in oil prices has caused problems for the energy sector and the private equity industry’s next oil victim was announced on Thursday, as Apollo Global Management released its profit results. The firm’s profit recorded a sharply lower profit in the final three months of 2014. Despite the news, the industry is not about to give up on the [...]

Global Oil Price Drop Hurts Private Equity Funds

Global Oil Price Drop Hurts Private Equity Funds

The recent surge in oil prices has been welcomed by many industries, but private equity firms are finding the news somewhat mixed. The latest data from the biggest firms shows that some firms are seeing their combined earnings drop by a staggering 58% from just a year ago.   According to a Bloomberg article, published on Tuesday afternoon, the analysts [...]

Could Norway’s $880bn Oil Fund Target Private Equity?

Could Norway’s $880bn Oil Fund Target Private ...

For quite a while now, experts have called for Norway to adopt a new investment strategy for its $880 billion oil fund. Tuesday saw the funds management team take further steps towards acting on these calls, with new asset classes such as private equity being proposed as an alternative.   Norway’s Finance Ministry asked on Tuesday for the Strategy Council, [...]

Avensol – Solar leasing

Avensol – Solar leasing

Building Large Utility 2.0 Model Using Switzerland as a pilot country for a European wide SolarLeasing group. Creating two organisations, YieldCo for financing the group and expanding our EPC operation. In operation for three years, we know the market and seek a partner willing to invest and help us build the biggest Utility 2.0 Model in Europe (and the world). [...]

Warburg Pincus Exceeds Expectations with its Energy Focused Private Equity Fund

Warburg Pincus Exceeds Expectations with its Energy ...

We’ve mentioned before that Warburg Pincus is focused on the energy sector, but Monday’s news about its newest fund exceeded expectations and confirmed that the energy sector is a lucrative market for private equity. The company announced it has raised $4 billion for its first energy-focused private equity fund.   Warburg Pincus had hinted earlier that it hoped to fundraise [...]

KKR Grows Renewable Energy Portfolio

KKR Grows Renewable Energy Portfolio

New York City headquartered private equity giant Kohlberg Kravis Roberts & Co (KKR) are known throughout the industry as one of the firms highly committed to renewable energy investments. It is no surprise that KKR have made yet further steps into this industry, acquiring a third of the renewable energy arm of Spanish conglomerate Acciona.   According to a report [...]