In 1977, after graduating from Dartmouth’s Tuck School of Business, David Leuschen moved to New York and started work at Goldman Sachs. After several years with the company, David was asked to specialize in energy. In 1982 he founded the Goldman Sachs Energy and Power Group and became the head of the group in 1985. David was responsible for expanding Goldman’s energy and power investment banking practice. Under his lead, it grew to be one of the industry’s leading franchises. In 2000, David Leuschen left Goldman after 22 years to start Riverstone Holdings, a private equity firm focusing on growth capital investments in the power and energy sectors. In the past 14 years, Riverstone has grown to be a leading investor in the conventional and renewable energy business. Some of the company’s latest news and press releases can be found below.

  • Riverstone Holdings and JOG Capital Lead C$305 Million Financing Round for Vesta Energy

    Posted in North America, Press Releases.

    Calgary, AB and New York, NY (May 17, 2017) – Vesta Energy Corp. (“Vesta” or the “Company”) today announced it has entered into definitive agreements with respect to a C$295 million equity financing round (the ”Transaction”) priced at C$4.50/share, co-led by energy private equity firms Riverstone Holdings LLC (“Riverstone”) and JOG Capital (“JOG”). Other investors in the round include certain funds managed by JOG and the Vesta management team. In conjunction with the investments by Riverstone and JOG, Vesta has announced a private placement offering of up to C$10 million to existing …

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  • Silver Run Acquisition Corporation II Completes $1.035 Billion Initial Public Offering

    Posted in North America, Press Releases.

    Houston, TX (March 29, 2017) – Silver Run Acquisition Corporation II (the “Company”), an energy-focused special purpose entity sponsored by an affiliate of Riverstone Holdings LLC and formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, today announced the closing of its initial public offering of 103,500,000 units, which includes 13,500,000 units issued pursuant to the exercise by the underwriters of their over allotment option. The offering was priced at $10.00 per unit, resulting in …

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  • Silver Run Acquisition Corporation II Announces Pricing of $900,000,000 Initial Public Offering

    Posted in North America, Press Releases.

    Houston, TX (March 23, 2017) – Silver Run Acquisition Corporation II (the “Company”), an energy-focused special purpose acquisition entity sponsored by an affiliate of Riverstone Holdings LLC and formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, today announced the pricing of its initial public offering of 90,000,000 units at a price of $10.00 per unit. The units will be listed on the NASDAQ Capital Market and trade under the ticker symbol “SRUNU” beginning March …

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  • Pine Brook and Riverstone Co-Lead $600 Million Line of Equity Investment for Admiral Permian Resources, LLC

    Posted in North America, Press Releases.

    New York, NY and Midland, TX (March 9, 2017) — Admiral Permian Resources, LLC, (“Admiral” or “the Company”) today announced it has secured a $600 million line of equity investment coled by Pine Brook and Riverstone Holdings (“Riverstone”). Admiral is a newly-formed exploration and production (“E&P”) company focused on the acquisition and development of oil and gas properties in the Permian Basin.

    Headquartered in Midland, Texas, Admiral is led by Chief Executive Officer Denzil West, former President and Chief Operating Officer of Reliance Energy, which sold the majority of its upstream assets …

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  • Silver Run Acquisition Corporation Completes its Acquisition of an 89% Controlling Interest in Centennial Resource Production, LLC

    Posted in Press Releases.

    Houston, TX (October 11, 2016) – Silver Run Acquisition Corporation (“Silver Run”) (NASDAQ: SRAQ, SRAQU, SRAQW) today announced that it completed its acquisition of an 89% controlling interest in Centennial Resource Production, LLC (“CRP”), an independent oil and natural gas company with properties located in the core of the Southern Delaware Basin, from funds controlled by, and affiliates of, NGP Energy Capital Management, LLC (together, “NGP”). The transaction was approved by the boards of directors of both companies and was approved at a special meeting of Silver Run’s stockholders on October 7, …

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  • Rice Energy Announces Acquisition of Vantage Energy

    Posted in Press Releases.

    Canonsburg, Pa (Sept. 26, 2016) – Rice Energy Inc. (NYSE: RICE) (“Rice Energy”) today announced it has entered into a purchase and sale agreement (“PSA”) to acquire Vantage Energy, LLC and Vantage Energy II, LLC (collectively, “Vantage Energy”) for approximately $2.7 billion, including the assumption of debt. In connection with the acquisition, Rice Midstream Partners LP (NYSE: RMP) (“RMP”) will purchase the acquired midstream assets from Rice Energy for $600 million. The transaction is expected to close in the fourth quarter of 2016, subject to customary closing conditions.

    The E&P assets to …

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  • Riverstone Holdings LLC Announces Sale of Rock Oil Holdings LLC to SM Energy Company

    Posted in Press Releases.

    New York, NY (August 08, 2016)– Riverstone Holdings LLC (“Riverstone”) has announced today the signing of a definitive agreement pursuant to which Riverstone Global Energy and Power Fund V, L.P. (“Fund V”) and minority partners have agreed to sell Rock Oil Holdings LLC (“Rock Oil” or the “Company”), a Houston- and Denver-based oil and gas company focused in the Permian Basin, to SM Energy Company (NYSE: SM, “SM Energy”), a Denver-based oil and gas company, for $980 million in cash. The transaction is subject to customary closing conditions and is expected …

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  • Silver Run Acquisition Corporation to Acquire Controlling Stake in Centennial Resource Production, LLC

    Posted in Press Releases.

    Houston, TX , July 22, 2016 – Silver Run Acquisition Corporation (“Silver Run”) (NASDAQ: SRAQ, SRAQU, SRAQW) today announced that, subject to certain conditions, including approval of the Silver Run stockholders, it has agreed to acquire a controlling interest in Centennial Resource Production, LLC (“Centennial”), an independent oil and natural gas company located in the core of the Southern Delaware Basin. On July 6, 2016, an affiliate of Riverstone Holdings LLC (“Riverstone”) entered into a definitive agreement to purchase an approximate 89% interest in Centennial from funds controlled by, and affiliates of, …

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  • Kinder Morgan Sells 50% Equity Interest in Utopia Pipeline Project to Riverstone Investment Group

    Posted in Press Releases.

    Houston, Texas (June 28, 2016) -Kinder Morgan, Inc. (NYSE: KMI) announced today that Riverstone Investment Group LLC (Riverstone) will become a 50 percent partner in the Utopia Pipeline Project. To acquire its ownership interest, Riverstone agreed to an upfront cash payment provided at closing, consisting of reimbursement to KMI for its 50 percent share of prior capital expenditures related to the project and a payment in excess of capital expenditures to recognize the value created by KMI in developing the project to this stage.

    In addition to the acquisition of the existing …

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  • Wayne Fueling Systems to be Acquired by Dover Corporation

    Posted in Press Releases.

    Austin, Texas (June 9, 2016) – Wayne Fueling Systems (“Wayne”), a global provider of fuel dispensing, payment, automation, and control technologies, majority-owned by funds managed by Riverstone Holdings LLC (“Riverstone”), announced today that Dover Corporation (“Dover”) has entered into a definitive agreement to acquire the Wayne business.
    “Today’s announcement marks an exciting new milestone in our 125-year history,” said Neil Thomas, Wayne CEO. “We believe that combining Wayne’s innovative products and technologies with Dover’s existing retail fueling equipment portfolio will significantly benefit customers around the world. Much has evolved and changed at …

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