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.
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Riverstone Holdings LLC to Commit up to $300 Million to Meritage Midstream Services III, LP
Posted in Press Releases.Denver, CO, New York, NY and London, UK (10 April 2015) – Meritage Midstream Services III, LP (“Meritage III”), a newly-formed, Denver-based midstream partnership today announced an equity commitment of up to $300 million from funds managed by energy private equity firm Riverstone Holdings LLC (“Riverstone”) to pursue midstream opportunities in Western Canada’s emerging resource plays. The initial Riverstone commitment of $100 million includes $67 million from Riverstone Global Energy and Power Fund VI and $33 million from Riverstone Energy Limited (“REL”).
Meritage III is led by Chairman and CEO Steven B. …
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Riverstone Holdings LLC invests up to $500 million in Three Rivers III
Posted in Press Releases.Austin, TX, New York, NY and London, UK (8 April 2015) – Three Rivers Natural Resource Holdings III LLC (“Three Rivers III” or the “Company”), a newly-formed, Austin-based oil and gas company today announced an equity commitment of up to $500 million from funds managed by energy private equity firm Riverstone Holdings LLC (“Riverstone”) and additional amounts from the Company’s management team. The Riverstone commitment comprises up to $333 million from Riverstone Global Energy and Power Fund VI and up to $167 million from Riverstone Energy Limited (“REL”).
Three Rivers III represents …
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USA Compression to Be Added to Alerian Natural Gas MLP Index
Posted in Press Releases.Austin, TX (Mar. 16, 2015) – USA Compression Partners, LP (NYSE: USAC) (the “Partnership”) today announced that Alerian will add the Partnership to its Alerian Natural Gas MLP Index (NYSE: ANGI), following the close of business on Friday, March 20. The Alerian Natural Gas MLP Index is an equal-weighted index of natural gas infrastructure MLPs, whose 20 constituents earn the majority of their cash flow from the transportation, storage, and processing of natural gas and NGLs.
Alerian is an independent provider of MLP and energy infrastructure market intelligence. Its benchmarks and indices …
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Riverstone Holdings and Investor Group to invest up to C$465 Million in CanEra Inc.
Posted in Press Releases.Calgary, AB, New York, NY and London, UK (January 21,2015) – Riverstone Holdings (“Riverstone”) today announced that CanEra Inc. (“CanEra III” or “Company”), a newly-formed, Calgary-based oil and gas company, has received an equity commitment of up to approximately C$465 million, including C$225 million from funds managed by Riverstone and additional amounts from NGP Energy Capital Management, LLC and the Company’s management team. Riverstone Energy Limited (“REL”) has committed to fund up to C$75 million of Riverstone’s obligations to CanEra III.
CanEra III represents the third partnership between Riverstone and CanEra III’s …
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Riverstone Holdings Announces Formation of Riverstone Credit Opportunities, L.P.
Posted in Press Releases.New York, NY and London, UK (January 9, 2015) – Riverstone today announced the formation of Riverstone Credit Opportunities, L.P. (“RCO”). RCO is a newly created portfolio company formed to take advantage of the current dislocation in the leveraged capital markets for energy companies. Riverstone has committed $375 million to RCO, which is comprised of up to $250 million from Riverstone Global Energy and Power Fund V (“Fund V”) and up to $125 million from Riverstone Energy Limited (“REL”).
RCO is being advised by Riverstone’s credit investment team, led by Christopher Abbate …
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Riverstone Holdings LLC Signs Definitive Agreement to Acquire Proserv Group Inc.
Posted in Global Energy, Press Releases.Aberdeen, Scotland, and New York, New York (October 23, 2014) – Riverstone Holdings LLC, a leading energy and power-focused private equity firm, and Proserv Group Inc, based in Aberdeen, Scotland, announced today the signing of a definitive agreement pursuant to which Riverstone Global Energy and Power Fund V, L.P., in partnership with Proserv management, has agreed to acquire 100% of the shares of Proserv from investment funds affiliatedwith Intervale Capital (“Intervale”), Weatherford International (“Weatherford”) and certain minority shareholders. Financial terms of the transaction were not disclosed. The transaction is subject to certain …
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Sierra Oil & Gas Announces Commitment of US$525 Million
Posted in North America, Press Releases.Mexico City, Mexico (September 18, 2014) – Sierra Oil & Gas S. de R.L. de C.V. (“Sierra”), Mexico’s first independent exploration and production (“E&P”) company, today announces that it has secured equity commitments of US$525 million. Sierra, headquartered in Mexico City, is led by Ivan Sandrea, a highly experienced E&P executive with an extensive track record of leadership in energy organizations including Statoil, BP, OPEC and Energy Intelligence. Mr
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Sandrea has assembled a team of distinguished professionals from the Mexican and international oil & gas sector, representing over 350 years of experience … -
Riverstone Holdings LLC Adds Energy-Focused Credit and Capital Markets Team
Posted in Press Releases.New York, NY (July 10, 2014) – Riverstone Holdings LLC, a leading energy and power-focused private equity firm, announced today that it has hired a highly experienced team of energy-focused leveraged finance professionals who will spearhead the firm’s expansion into credit and capital markets activities. The team is comprised of Christopher Abbate, Jamie Brodsky, and Daniel Flannery.
Mr. Abbate, who joins Riverstone as a Managing Director and will lead the new team, has spent his entire 17-year career financing energy companies, mainly in the leveraged capital markets. Prior to joining Riverstone, Mr. …
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Riverstone Holdings LLC Agrees to Purchase Wayne Business from GE
Posted in Press Releases.Austin, TX (May 7, 2014) – Wayne, A GE Business, and a global innovator of fuel dispensers and forecourt technologies, today announced that Riverstone Holdings LLC, an energy and power-focused private equity investment firm, has signed an agreement to acquire the Wayne business from GE. The transaction will enable Wayne to continue to provide world-class service and support to customers while pursuing the innovative technologies for which the company is known, including the Wayne Helix™ fuel dispenser and the Wayne Fusion™ forecourt system.
Riverstone, which previously owned a significant stake in Wayne …
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Rock Oil Holdings LLC Announces $250 Million Commitment
Posted in Press Releases.Denver, CO, Houston, TX and London, UK (March 13, 2014) – Rock Oil Holdings LLC (“Rock Oil” or the “Company”), a newly-formed, Denver and Houston-based oil and gas company today announced an equity commitment of up to $250 million from funds managed by energy private equity firm Riverstone Holdings LLC (“Riverstone”) and additional amounts from the Company’s management team. The Riverstone commitment comprises up to $167 million from Riverstone Global Energy and Power Fund V (“Fund V”) and up to $83 million from Riverstone Energy Limited (“REL”).
Continue Reading...The Rock Oil management team
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