.
MergerLinks Header Logo

New Deal


Announced

Goldman Sachs to acquire a 12.5% stake in Riverstone for $500m.

Financials

Edit Data
Transaction Value£470m
Consideration TypeCash
Capital Owned-
Capital Bid For12%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

Edit

Tags

Edit

Private

Private Equity

private equity

United States

Acquisition

Minority

Private Equity

Pending

Friendly

Single Bidder

Synopsis

Edit

Goldman Sachs is set to acquire a 12.5% stake in Riverstone, a private equity firm, for $500m. The deal represents a vote of confidence in Riverstone, which suffered when oil prices collapsed in late 2014 but has recovered as energy prices stabilized, according to securities filings. While some of its big investments, such as oil explorers EP Energy and Fieldwood Energy, remain underwater or flat, Riverstone has had big profits in others, particularly companies that drill in the Permian Basin in West Texas.

Search a database of more than 250,000 verified dealmakers

Receive automated updates on global transactions

Follow the activity, relationships and transactions of top dealmakers

No credit card required

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US